HBW Advisory Services LLC Has $1.03 Million Stake in iShares Silver Trust $SLV

HBW Advisory Services LLC decreased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 47.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,977 shares of the exchange traded fund’s stock after selling 14,143 shares during the quarter. HBW Advisory Services LLC’s holdings in iShares Silver Trust were worth $1,029,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nexus Investment Management ULC boosted its holdings in shares of iShares Silver Trust by 50.0% during the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 250 shares in the last quarter. Raleigh Capital Management Inc. bought a new position in iShares Silver Trust during the 3rd quarter worth $32,000. Rialto Wealth Management LLC bought a new position in iShares Silver Trust during the 4th quarter worth $33,000. Hopwood Financial Services Inc. bought a new position in iShares Silver Trust during the 3rd quarter worth $38,000. Finally, Bangor Savings Bank bought a new position in iShares Silver Trust during the 4th quarter worth $38,000.

iShares Silver Trust Stock Down 1.2%

Shares of NYSEARCA:SLV opened at $68.28 on Tuesday. The firm has a market cap of $38.65 billion, a P/E ratio of -8.51 and a beta of 0.52. iShares Silver Trust has a 12-month low of $28.88 and a 12-month high of $109.83. The business has a fifty day simple moving average of $71.50 and a 200 day simple moving average of $62.67.

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.