Sowell Financial Services LLC Sells 17,176 Shares of iShares Silver Trust $SLV

Sowell Financial Services LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 6.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 236,354 shares of the exchange traded fund’s stock after selling 17,176 shares during the period. Sowell Financial Services LLC’s holdings in iShares Silver Trust were worth $15,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nexus Investment Management ULC raised 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 during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of iShares Silver Trust in the third quarter worth $32,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter worth $33,000. Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust during the third quarter valued at $38,000. Finally, Bangor Savings Bank bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $38,000.

iShares Silver Trust Price Performance

SLV opened at $65.79 on Monday. The firm has a market cap of $37.24 billion, a PE ratio of -8.51 and a beta of 0.38. The stock has a 50-day moving average price of $74.57 and a 200-day moving average price of $61.49. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83.

iShares Silver Trust 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. 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.