Axxcess Wealth Management LLC Has $1.78 Million Position in iShares Silver Trust $SLV

Axxcess Wealth Management LLC reduced its holdings in iShares Silver Trust (NYSEARCA:SLV) by 25.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,242 shares of the exchange traded fund’s stock after selling 18,730 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Silver Trust were worth $1,780,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC grew its position in shares of iShares Silver Trust by 13.4% in the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after purchasing an additional 924,353 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of iShares Silver Trust in the second quarter valued at about $162,217,000. Meitav Investment House Ltd. grew its position in shares of iShares Silver Trust by 5.4% in the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock valued at $97,589,000 after purchasing an additional 152,600 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Silver Trust by 127.3% in the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after purchasing an additional 1,460,084 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of iShares Silver Trust by 8.6% in the first quarter. Commonwealth Equity Services LLC now owns 2,105,854 shares of the exchange traded fund’s stock valued at $65,260,000 after purchasing an additional 166,148 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $48.33 on Thursday. The company has a market cap of $26.45 billion, a P/E ratio of -8.51 and a beta of 0.59. The stock’s 50-day moving average is $38.76 and its 200-day moving average is $34.05. iShares Silver Trust has a 52-week low of $26.19 and a 52-week high of $48.41.

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.