iShares Silver Trust $SLV Shares Sold by Primoris Wealth Advisors LLC

Primoris Wealth Advisors LLC cut its position in iShares Silver Trust (NYSEARCA:SLV) by 27.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,330 shares of the exchange traded fund’s stock after selling 21,500 shares during the period. iShares Silver Trust accounts for 1.5% of Primoris Wealth Advisors LLC’s holdings, making the stock its 22nd largest position. Primoris Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $2,387,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 1,595 shares during the last quarter. Bison Wealth LLC acquired a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $238,000. Capstone Wealth Management Group LLC purchased a new stake in shares of iShares Silver Trust in the first quarter valued at approximately $443,000. Focus Partners Wealth increased its holdings in shares of iShares Silver Trust by 8.7% in the first quarter. Focus Partners Wealth now owns 113,274 shares of the exchange traded fund’s stock valued at $3,510,000 after purchasing an additional 9,046 shares during the last quarter. Finally, Modern Wealth Management LLC purchased a new position in iShares Silver Trust during the first quarter worth approximately $236,000.

iShares Silver Trust Stock Up 6.7%

Shares of NYSEARCA:SLV opened at $77.23 on Tuesday. iShares Silver Trust has a 52-week low of $26.57 and a 52-week high of $78.18. The stock has a market cap of $44.14 billion, a P/E ratio of -8.51 and a beta of 0.38. The business has a fifty day moving average of $56.14 and a two-hundred day moving average of $44.47.

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. 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.