Independent Wealth Network Inc. Lowers Stake in iShares Silver Trust $SLV

Independent Wealth Network Inc. lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 8.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 96,621 shares of the exchange traded fund’s stock after selling 9,157 shares during the period. iShares Silver Trust comprises approximately 1.3% of Independent Wealth Network Inc.’s portfolio, making the stock its 14th largest position. Independent Wealth Network Inc.’s holdings in iShares Silver Trust were worth $5,166,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SLV. Axiom Investment Management LLC acquired a new stake in shares of iShares Silver Trust in the first quarter valued at $26,000. West Branch Capital LLC acquired a new position in iShares Silver Trust in the 2nd quarter valued at about $27,000. Sarver Vrooman Wealth Advisors purchased a new stake in iShares Silver Trust during the fourth quarter worth about $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in iShares Silver Trust during the fourth quarter worth about $32,000. Finally, Redwood Park Advisors LLC lifted its position in shares of iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $59.06 on Thursday. iShares Silver Trust has a fifty-two week low of $33.85 and a fifty-two week high of $109.83. The company has a 50 day moving average price of $55.70 and a 200 day moving average price of $66.64. 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.