Accredited Wealth Management LLC Reduces Stock Position in iShares Silver Trust $SLV

Accredited Wealth Management LLC trimmed its position in iShares Silver Trust (NYSEARCA:SLVFree Report) by 97.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 625 shares of the exchange traded fund’s stock after selling 23,487 shares during the quarter. Accredited Wealth Management LLC’s holdings in iShares Silver Trust were worth $26,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Guggenheim Capital LLC increased its holdings in iShares Silver Trust by 1,557.6% in the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock worth $30,006,000 after buying an additional 859,355 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of iShares Silver Trust in the 2nd quarter valued at $26,643,000. Yong Rong HK Asset Management Ltd boosted its holdings in shares of iShares Silver Trust by 299.6% in the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock valued at $26,248,000 after acquiring an additional 599,800 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares Silver Trust in the second quarter worth $17,597,000. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of iShares Silver Trust by 1,133.5% during the second quarter. Great Valley Advisor Group Inc. now owns 526,970 shares of the exchange traded fund’s stock worth $17,290,000 after purchasing an additional 484,247 shares during the last quarter.

Key Stories Impacting iShares Silver Trust

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

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $84.99 on Friday. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83. The company has a market capitalization of $46.79 billion, a PE ratio of -8.51 and a beta of 0.38. The company has a fifty day moving average of $76.48 and a 200 day moving average of $55.38.

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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