Belpointe Asset Management LLC Decreases Holdings in iShares Silver Trust $SLV

Belpointe Asset Management LLC lowered its holdings in iShares Silver Trust (NYSEARCA:SLVFree Report) by 60.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 39,760 shares of the exchange traded fund’s stock after selling 60,102 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares Silver Trust were worth $1,685,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC increased its stake in iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 1,595 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at $238,000. Capstone Wealth Management Group LLC purchased a new position in shares of iShares Silver Trust in the 1st quarter valued at $443,000. Truist Financial Corp raised its stake in iShares Silver Trust by 15.2% during the 2nd quarter. Truist Financial Corp now owns 422,307 shares of the exchange traded fund’s stock worth $13,856,000 after acquiring an additional 55,677 shares in the last quarter. Finally, O ROURKE & COMPANY Inc lifted its position in iShares Silver Trust by 2.9% in the second quarter. O ROURKE & COMPANY Inc now owns 17,856 shares of the exchange traded fund’s stock valued at $586,000 after acquiring an additional 498 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $105.60 on Thursday. The stock’s 50-day moving average is $66.50 and its two-hundred day moving average is $49.03. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $106.70. The firm has a market cap of $60.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

Key Headlines Impacting iShares Silver Trust

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iShares Silver Trust Profile

(Free Report)

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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