Salomon & Ludwin LLC Raises Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Salomon & Ludwin LLC increased its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 125.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,322 shares of the exchange traded fund’s stock after purchasing an additional 6,292 shares during the quarter. Salomon & Ludwin LLC’s holdings in Sprott Physical Silver Trust were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in shares of Sprott Physical Silver Trust in the third quarter valued at about $32,000. Eastern Bank purchased a new position in shares of Sprott Physical Silver Trust in the third quarter valued at about $45,000. Hara Capital LLC purchased a new position in shares of Sprott Physical Silver Trust in the third quarter valued at about $86,000. FNY Investment Advisers LLC purchased a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $80,000. Finally, James Hambro & Partners LLP purchased a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $106,000.

Sprott Physical Silver Trust Stock Performance

PSLV stock opened at $10.93 on Friday. The firm’s 50-day moving average price is $10.27 and its two-hundred day moving average price is $10.31. Sprott Physical Silver Trust has a 12-month low of $7.45 and a 12-month high of $11.77.

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.