Kingsview Wealth Management LLC Cuts Position in iShares Silver Trust (NYSEARCA:SLV)

Kingsview Wealth Management LLC lessened its holdings in iShares Silver Trust (NYSEARCA:SLV) by 7.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 54,044 shares of the exchange traded fund’s stock after selling 4,649 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares Silver Trust were worth $1,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Apollon Wealth Management LLC boosted its stake in shares of iShares Silver Trust by 29.3% in the 4th quarter. Apollon Wealth Management LLC now owns 72,746 shares of the exchange traded fund’s stock worth $1,915,000 after buying an additional 16,505 shares during the last quarter. Mezzasalma Advisors LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at approximately $1,194,000. SOA Wealth Advisors LLC. purchased a new position in iShares Silver Trust in the fourth quarter valued at approximately $47,000. Golden State Wealth Management LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at approximately $307,000. Finally, Tandem Financial LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at approximately $109,000.

iShares Silver Trust Trading Down 0.7 %

iShares Silver Trust stock opened at $29.00 on Wednesday. iShares Silver Trust has a 12 month low of $20.11 and a 12 month high of $31.80. The business’s 50 day simple moving average is $27.81 and its 200 day simple moving average is $27.80. The company has a market cap of $13.61 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.