Sowell Financial Services LLC reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 47.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,748 shares of the exchange traded fund’s stock after selling 70,208 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Silver Trust were worth $4,157,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of SLV. Axiom Investment Management LLC acquired a new stake in iShares Silver Trust in the first quarter valued at approximately $26,000. West Branch Capital LLC purchased a new stake in shares of iShares Silver Trust in the second quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $32,000. Finally, Redwood Park Advisors LLC lifted its position in shares of iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares in the last quarter.
iShares Silver Trust Stock Performance
iShares Silver Trust stock opened at $59.06 on Thursday. The company’s fifty day moving average price is $55.70 and its 200 day moving average price is $66.64. iShares Silver Trust has a 1 year low of $33.85 and a 1 year high of $109.83. The stock has a market capitalization of $31.54 billion, a P/E ratio of -8.51 and a beta of 0.50.
iShares Silver Trust Company 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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