Basepoint Wealth LLC Sells 120,078 Shares of Sprott Physical Silver Trust $PSLV

Basepoint Wealth LLC trimmed its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,500,344 shares of the exchange traded fund’s stock after selling 120,078 shares during the quarter. Sprott Physical Silver Trust comprises 21.6% of Basepoint Wealth LLC’s portfolio, making the stock its largest position. Basepoint Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $35,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. raised its holdings in shares of Sprott Physical Silver Trust by 29.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock worth $153,560,000 after purchasing an additional 2,203,767 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after acquiring an additional 3,582,153 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Sprott Physical Silver Trust by 118.7% in the 3rd quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock valued at $47,927,000 after purchasing an additional 1,657,153 shares during the period. Sprott Inc. increased its position in shares of Sprott Physical Silver Trust by 4.6% in the third quarter. Sprott Inc. now owns 1,956,862 shares of the exchange traded fund’s stock worth $30,723,000 after acquiring an additional 85,635 shares in the last quarter. Finally, Fidelis Capital Partners LLC grew its position in Sprott Physical Silver Trust by 1.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,649,160 shares of the exchange traded fund’s stock worth $39,003,000 after purchasing an additional 31,000 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

NYSEARCA:PSLV opened at $24.12 on Friday. Sprott Physical Silver Trust has a 1-year low of $11.03 and a 1-year high of $38.13. The business’s fifty day moving average price is $24.48 and its 200 day moving average price is $24.61.

Sprott Physical Silver Trust Profile

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.