Tcfg Wealth Management LLC Has $299,000 Position in Sprott Physical Silver Trust $PSLV

Tcfg Wealth Management LLC cut its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 82.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,275 shares of the exchange traded fund’s stock after selling 58,600 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $299,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Planning Inc acquired a new stake in shares of Sprott Physical Silver Trust during the 1st quarter worth about $85,000. Littlejohn Financial Services Inc. acquired a new position in Sprott Physical Silver Trust in the first quarter valued at about $289,000. Janney Montgomery Scott LLC boosted its position in Sprott Physical Silver Trust by 192.9% in the first quarter. Janney Montgomery Scott LLC now owns 112,397 shares of the exchange traded fund’s stock valued at $2,741,000 after buying an additional 74,022 shares in the last quarter. Mayfair Advisory Group LLC bought a new stake in Sprott Physical Silver Trust during the first quarter worth about $200,000. Finally, Crown Wealth Group LLC bought a new stake in Sprott Physical Silver Trust during the first quarter worth about $311,000.

Sprott Physical Silver Trust Stock Up 1.9%

NYSEARCA PSLV opened at $18.87 on Wednesday. The company has a 50 day moving average of $23.21 and a 200-day moving average of $25.11. Sprott Physical Silver Trust has a 1-year low of $12.23 and a 1-year high of $38.13.

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.