iShares Silver Trust $SLV Stake Lessened by Empirical Asset Management LLC

Empirical Asset Management LLC lessened its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,462 shares of the exchange traded fund’s stock after selling 6,768 shares during the quarter. Empirical Asset Management LLC’s holdings in iShares Silver Trust were worth $3,663,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. increased its position in shares of iShares Silver Trust by 2.1% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 11,819 shares of the exchange traded fund’s stock valued at $501,000 after purchasing an additional 239 shares during the period. Swisher Financial Concepts Inc. boosted its stake in iShares Silver Trust by 1.4% during the third quarter. Swisher Financial Concepts Inc. now owns 17,205 shares of the exchange traded fund’s stock valued at $729,000 after buying an additional 240 shares in the last quarter. Nexus Investment Management ULC boosted its stake in iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 250 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in iShares Silver Trust by 0.6% during the third quarter. Silver Oak Securities Incorporated now owns 42,936 shares of the exchange traded fund’s stock worth $1,819,000 after acquiring an additional 251 shares during the period. Finally, Ironwood Wealth Management LLC. raised its position in iShares Silver Trust by 3.2% in the third quarter. Ironwood Wealth Management LLC. now owns 8,203 shares of the exchange traded fund’s stock worth $348,000 after acquiring an additional 255 shares in the last quarter.

iShares Silver Trust News Summary

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Trading Down 1.8%

Shares of NYSEARCA SLV opened at $79.08 on Wednesday. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The firm has a 50-day moving average of $75.18 and a two-hundred day moving average of $54.53. The company has a market capitalization of $43.53 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

iShares Silver Trust Company 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.

See Also

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

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