HB Wealth Management LLC Cuts Position in iShares Silver Trust $SLV

HB Wealth Management LLC cut its stake in iShares Silver Trust (NYSEARCA:SLV) by 12.9% during the second quarter, HoldingsChannel reports. The fund owned 69,008 shares of the exchange traded fund’s stock after selling 10,188 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Silver Trust were worth $2,264,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Silver Trust in the 1st quarter valued at $25,000. Highline Wealth Partners LLC purchased a new position in shares of iShares Silver Trust in the 2nd quarter valued at $26,000. Trifecta Capital Advisors LLC purchased a new position in shares of iShares Silver Trust in the 1st quarter valued at $31,000. Kentucky Trust Co increased its holdings in shares of iShares Silver Trust by 185.7% in the 1st quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 650 shares during the period. Finally, Financial Management Professionals Inc. increased its holdings in shares of iShares Silver Trust by 37.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 302 shares during the period.

iShares Silver Trust Trading Up 1.3%

Shares of NYSEARCA:SLV opened at $42.91 on Thursday. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $43.40. The business’s fifty day simple moving average is $36.60 and its 200-day simple moving average is $33.05. The company has a market capitalization of $23.04 billion, a PE ratio of -8.51 and a beta of 0.59.

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.