Rik Saylor Financial Inc. Has $311,000 Stock Position in iShares Silver Trust $SLV

Rik Saylor Financial Inc. lowered its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 87.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,820 shares of the exchange traded fund’s stock after selling 42,235 shares during the quarter. Rik Saylor Financial Inc.’s holdings in iShares Silver Trust were worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tudor Financial Inc. raised its stake in shares of iShares Silver Trust by 265.8% in the second quarter. Tudor Financial Inc. now owns 23,928 shares of the exchange traded fund’s stock worth $1,279,000 after acquiring an additional 17,387 shares during the last quarter. NWF Advisory Services Inc. lifted its position in shares of iShares Silver Trust by 2.3% during the second quarter. NWF Advisory Services Inc. now owns 26,413 shares of the exchange traded fund’s stock worth $1,412,000 after purchasing an additional 593 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of iShares Silver Trust by 32.9% during the second quarter. Concurrent Investment Advisors LLC now owns 102,777 shares of the exchange traded fund’s stock worth $5,495,000 after purchasing an additional 25,431 shares in the last quarter. Power Wealth Management LLC grew its stake in shares of iShares Silver Trust by 156.2% during the second quarter. Power Wealth Management LLC now owns 19,683 shares of the exchange traded fund’s stock valued at $1,052,000 after purchasing an additional 12,001 shares during the last quarter. Finally, KFG Wealth Management LLC grew its stake in shares of iShares Silver Trust by 13.9% during the second quarter. KFG Wealth Management LLC now owns 11,285 shares of the exchange traded fund’s stock valued at $603,000 after purchasing an additional 1,373 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $60.55 on Friday. The firm has a market cap of $32.34 billion, a P/E ratio of -8.51 and a beta of 0.53. The firm has a 50 day simple moving average of $55.91 and a 200 day simple moving average of $64.22. iShares Silver Trust has a fifty-two week low of $36.63 and a fifty-two week high of $109.83.

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.