Fulcrum Wealth Advisors LLC bought a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,641 shares of the exchange traded fund’s stock, valued at approximately $1,292,000. Sprott Physical Silver Trust comprises 1.1% of Fulcrum Wealth Advisors LLC’s portfolio, making the stock its 25th biggest holding.
A number of other hedge funds have also recently bought and sold shares of PSLV. Jane Street Group LLC boosted its position in Sprott Physical Silver Trust by 163.6% during the second quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after acquiring an additional 3,582,153 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in Sprott Physical Silver Trust by 29.0% during the third quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock worth $153,560,000 after acquiring an additional 2,203,767 shares during the last quarter. 3EDGE Asset Management LP acquired a new stake in Sprott Physical Silver Trust during the third quarter worth approximately $34,374,000. Alps Advisors Inc. boosted its position in Sprott Physical Silver Trust by 118.7% during the third quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after acquiring an additional 1,657,153 shares during the last quarter. Finally, WIT Partners Advisory Pte. Ltd. boosted its position in Sprott Physical Silver Trust by 61.8% during the fourth quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock worth $19,048,000 after acquiring an additional 323,722 shares during the last quarter.
Sprott Physical Silver Trust Stock Performance
Shares of NYSEARCA PSLV opened at $23.61 on Tuesday. Sprott Physical Silver Trust has a 1 year low of $10.73 and a 1 year high of $38.13. The firm’s 50 day moving average price is $25.45 and its 200 day moving average price is $23.46.
About Sprott Physical Silver Trust
Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.
Further Reading
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