Wealth Enhancement Advisory Services LLC lessened its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,658 shares of the exchange traded fund’s stock after selling 3,290 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in iShares Silver Trust were worth $7,093,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SLV. Smallwood Wealth Investment Management LLC purchased a new position in iShares Silver Trust in the first quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new stake in iShares Silver Trust during the 4th quarter valued at $30,000. Vermillion Wealth Management Inc. bought a new stake in iShares Silver Trust during the 4th quarter valued at $31,000. Kentucky Trust Co raised its holdings in iShares Silver Trust by 185.7% during the 1st quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 650 shares during the period. Finally, Trifecta Capital Advisors LLC bought a new stake in iShares Silver Trust during the 1st quarter valued at $31,000.
iShares Silver Trust Price Performance
Shares of SLV stock opened at $39.96 on Wednesday. The company’s fifty day simple moving average is $35.80 and its two-hundred day simple moving average is $32.59. iShares Silver Trust has a 1 year low of $26.19 and a 1 year high of $40.36. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59.
iShares Silver Trust Company Profile
iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.
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