Elevation Point Wealth Partners LLC Sells 61,689 Shares of iShares Silver Trust $SLV

Elevation Point Wealth Partners LLC cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 75.4% during the third quarter, HoldingsChannel.com reports. The fund owned 20,164 shares of the exchange traded fund’s stock after selling 61,689 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in iShares Silver Trust were worth $854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nexus Investment Management ULC grew its stake in iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 250 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in iShares Silver Trust during the 3rd quarter valued at $32,000. Hopwood Financial Services Inc. purchased a new stake in shares of iShares Silver Trust in the 3rd quarter worth $38,000. Darwin Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the 2nd quarter worth $39,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of iShares Silver Trust during the 2nd quarter worth $47,000.

iShares Silver Trust Trading Up 0.7%

Shares of iShares Silver Trust stock opened at $73.22 on Tuesday. The firm has a market cap of $40.31 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83. The stock’s fifty day moving average price is $78.74 and its 200-day moving average price is $58.75.

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.