Integrated Wealth Concepts LLC lessened its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 23.2% in the second quarter, Holdings Channel reports. The fund owned 236,853 shares of the exchange traded fund’s stock after selling 71,573 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in iShares Silver Trust were worth $12,665,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Axiom Investment Management LLC purchased a new stake in shares of iShares Silver Trust during the first quarter valued at approximately $26,000. West Branch Capital LLC purchased a new position in shares of iShares Silver Trust in the second quarter valued at $27,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust in the fourth quarter valued at $30,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of iShares Silver Trust in the fourth quarter valued at $32,000. Finally, Redwood Park Advisors LLC grew its holdings in 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 purchasing an additional 266 shares in the last quarter.
iShares Silver Trust Price Performance
iShares Silver Trust stock opened at $60.72 on Thursday. iShares Silver Trust has a 12-month low of $37.24 and a 12-month high of $109.83. The company has a market capitalization of $32.43 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53. The firm’s fifty day moving average price is $56.44 and its 200 day moving average price is $63.96.
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.
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