Members Advisory Group LLC Reduces Position in iShares Silver Trust $SLV

Members Advisory Group LLC cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,022 shares of the exchange traded fund’s stock after selling 1,299 shares during the period. iShares Silver Trust makes up about 1.3% of Members Advisory Group LLC’s investment portfolio, making the stock its 22nd largest holding. Members Advisory Group LLC’s holdings in iShares Silver Trust were worth $3,577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Smallwood Wealth Investment Management LLC acquired a new position in shares of iShares Silver Trust during the first quarter valued at about $25,000. Highline Wealth Partners LLC acquired a new position in iShares Silver Trust in the 2nd quarter valued at about $26,000. Financial Management Professionals Inc. boosted its position in shares of iShares Silver Trust by 37.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 302 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in iShares Silver Trust in the 2nd quarter valued at approximately $38,000. Finally, GAMMA Investing LLC acquired a new stake in shares of iShares Silver Trust during the first quarter worth $42,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $46.99 on Monday. The company has a 50-day moving average price of $39.29 and a 200-day moving average price of $34.35. iShares Silver Trust has a 1 year low of $26.19 and a 1 year high of $49.25. The stock has a market capitalization of $26.19 billion, a P/E ratio of -8.51 and a beta of 0.59.

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.