Abacus Planning Group Inc. Takes $4.20 Million Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Abacus Planning Group Inc. bought a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 435,540 shares of the exchange traded fund’s stock, valued at approximately $4,203,000. Sprott Physical Silver Trust accounts for about 0.7% of Abacus Planning Group Inc.’s investment portfolio, making the stock its 23rd biggest position.

A number of other large investors have also recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Sprott Physical Silver Trust by 2.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 44,856 shares of the exchange traded fund’s stock valued at $433,000 after purchasing an additional 1,000 shares during the period. Cobblestone Asset Management LLC boosted its stake in shares of Sprott Physical Silver Trust by 1.3% during the fourth quarter. Cobblestone Asset Management LLC now owns 84,695 shares of the exchange traded fund’s stock valued at $817,000 after purchasing an additional 1,101 shares during the period. Sigma Planning Corp boosted its stake in shares of Sprott Physical Silver Trust by 1.3% during the third quarter. Sigma Planning Corp now owns 97,404 shares of the exchange traded fund’s stock valued at $1,018,000 after purchasing an additional 1,234 shares during the period. Islay Capital Management LLC boosted its stake in shares of Sprott Physical Silver Trust by 2.3% during the third quarter. Islay Capital Management LLC now owns 58,924 shares of the exchange traded fund’s stock valued at $616,000 after purchasing an additional 1,300 shares during the period. Finally, Veracity Capital LLC raised its holdings in shares of Sprott Physical Silver Trust by 3.6% in the fourth quarter. Veracity Capital LLC now owns 45,686 shares of the exchange traded fund’s stock valued at $441,000 after acquiring an additional 1,577 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

PSLV stock opened at $11.10 on Thursday. The business has a 50-day moving average price of $10.29 and a 200 day moving average price of $10.34. Sprott Physical Silver Trust has a 1-year low of $7.45 and a 1-year 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.