Global Assets Advisory LLC Sells 14,573 Shares of iShares Silver Trust $SLV

Global Assets Advisory LLC lowered its position in iShares Silver Trust (NYSEARCA:SLV) by 66.8% during the second quarter, Holdings Channel reports. The firm owned 7,237 shares of the exchange traded fund’s stock after selling 14,573 shares during the period. Global Assets Advisory LLC’s holdings in iShares Silver Trust were worth $237,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SLV. Kingstone Capital Partners Texas LLC bought a new stake in iShares Silver Trust during the second quarter valued at $162,217,000. Ameriprise Financial Inc. lifted its stake in shares of iShares Silver Trust by 127.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after purchasing an additional 1,460,084 shares during the period. LPL Financial LLC boosted its position in shares of iShares Silver Trust by 13.4% during the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after purchasing an additional 924,353 shares in the last quarter. Carrhae Capital LLP bought a new stake in shares of iShares Silver Trust during the 1st quarter valued at about $17,880,000. Finally, Kaydan Wealth Management Inc. acquired a new stake in iShares Silver Trust during the first quarter worth approximately $15,050,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $44.06 on Tuesday. iShares Silver Trust has a fifty-two week low of $26.19 and a fifty-two week high of $44.26. The stock has a 50 day simple moving average of $37.11 and a two-hundred day simple moving average of $33.36. The company has a market cap of $24.47 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.