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Northwestern Mutual Wealth Management Co. Boosts Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Northwestern Mutual Wealth Management Co. raised its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLVGet Rating) by 120.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,675 shares of the exchange traded fund’s stock after buying an additional 2,550 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sprott Physical Silver Trust were worth $41,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Meixler Investment Management Ltd. boosted its position in shares of Sprott Physical Silver Trust by 5.7% during the 1st quarter. Meixler Investment Management Ltd. now owns 21,865 shares of the exchange traded fund’s stock valued at $192,000 after acquiring an additional 1,185 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Sprott Physical Silver Trust by 10.5% during the 1st quarter. Cornerstone Wealth Management LLC now owns 13,173 shares of the exchange traded fund’s stock valued at $116,000 after acquiring an additional 1,250 shares during the last quarter. Highlander Capital Management LLC boosted its position in shares of Sprott Physical Silver Trust by 2.3% during the 1st quarter. Highlander Capital Management LLC now owns 74,650 shares of the exchange traded fund’s stock valued at $655,000 after acquiring an additional 1,700 shares during the last quarter. Meristem Family Wealth LLC boosted its position in shares of Sprott Physical Silver Trust by 15.0% during the 4th quarter. Meristem Family Wealth LLC now owns 14,200 shares of the exchange traded fund’s stock valued at $114,000 after acquiring an additional 1,850 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its position in Sprott Physical Silver Trust by 7.9% in the 1st quarter. Gladstone Institutional Advisory LLC now owns 26,493 shares of the exchange traded fund’s stock worth $232,000 after buying an additional 1,950 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

NYSEARCA:PSLV opened at $6.59 on Monday. The business has a 50 day moving average of $6.77 and a 200 day moving average of $7.72. Sprott Physical Silver Trust has a 1-year low of $6.20 and a 1-year high of $9.31.

Sprott Physical Silver Trust Profile

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Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical silver bullion in London Good Delivery bar form. Sprott Physical Silver Trust was formed on June 30, 2010 and is domiciled in Canada.

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