iShares Silver Trust $SLV Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its position in iShares Silver Trust (NYSEARCA:SLV) by 76.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,515 shares of the exchange traded fund’s stock after selling 220,151 shares during the quarter. Assetmark Inc.’s holdings in iShares Silver Trust were worth $4,669,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. TBH Global Asset Management LLC grew its holdings in shares of iShares Silver Trust by 1.5% in the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 104 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 130 shares in the last quarter. JNBA Financial Advisors increased its position in shares of iShares Silver Trust by 1.2% during the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after acquiring an additional 132 shares during the period. SouthState Bank Corp increased its position in shares of iShares Silver Trust by 29.6% during the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 148 shares during the period. Finally, Swisher Financial Concepts Inc. increased its position in shares of iShares Silver Trust by 0.8% during the first quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock worth $1,208,000 after acquiring an additional 148 shares during the period.

iShares Silver Trust Trading Up 1.6%

Shares of NYSEARCA SLV opened at $53.92 on Thursday. The stock has a market cap of $28.80 billion, a P/E ratio of -8.51 and a beta of 0.49. The business’s fifty day simple moving average is $59.95 and its 200-day simple moving average is $69.07. iShares Silver Trust has a 12-month low of $33.10 and a 12-month 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.