Arkos Global Advisors Sells 144,931 Shares of iShares Silver Trust $SLV

Arkos Global Advisors decreased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 62.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,535 shares of the exchange traded fund’s stock after selling 144,931 shares during the period. iShares Silver Trust comprises approximately 0.5% of Arkos Global Advisors’ holdings, making the stock its 26th largest position. Arkos Global Advisors’ holdings in iShares Silver Trust were worth $3,666,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vantage Financial Partners LLC purchased a new position in shares of iShares Silver Trust during the 3rd quarter valued at about $489,000. Wealth Enhancement Advisory Services LLC increased its holdings in iShares Silver Trust by 14.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock worth $10,525,000 after acquiring an additional 30,915 shares in the last quarter. D.B. Root & Company LLC bought a new stake in iShares Silver Trust during the 3rd quarter worth approximately $370,000. Envestnet Asset Management Inc. raised its stake in iShares Silver Trust by 20.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after acquiring an additional 273,913 shares during the period. Finally, Adamsbrown Wealth Consultants LLC purchased a new position in iShares Silver Trust during the third quarter valued at approximately $235,000.

iShares Silver Trust Price Performance

SLV opened at $72.69 on Friday. The company has a 50 day simple moving average of $78.65 and a two-hundred day simple moving average of $58.32. The firm has a market cap of $40.02 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83.

About iShares Silver Trust

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.