Geneos Wealth Management Inc. cut its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 41.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,007 shares of the exchange traded fund’s stock after selling 30,710 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares Silver Trust were worth $2,930,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in shares of iShares Silver Trust during the first quarter worth about $2,762,000. Ameliora Wealth Management Ltd. lifted its stake in shares of iShares Silver Trust by 15.4% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock valued at $5,583,000 after buying an additional 11,563 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of iShares Silver Trust by 33.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after buying an additional 9,391 shares during the period. Finer Wealth Management Inc. acquired a new stake in iShares Silver Trust during the fourth quarter worth approximately $709,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in iShares Silver Trust by 47.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock worth $1,869,000 after acquiring an additional 9,384 shares during the last quarter.
iShares Silver Trust Stock Performance
SLV stock opened at $50.78 on Friday. The company has a 50 day moving average price of $61.51 and a two-hundred day moving average price of $69.32. The stock has a market capitalization of $27.12 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a one year low of $33.10 and a one year 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.
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