Professional Financial Advisors LLC Sells 24,691 Shares of iShares Silver Trust $SLV

Professional Financial Advisors LLC lessened its position in iShares Silver Trust (NYSEARCA:SLV) by 45.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,431 shares of the exchange traded fund’s stock after selling 24,691 shares during the period. Professional Financial Advisors LLC’s holdings in iShares Silver Trust were worth $1,896,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Nexus Investment Management ULC lifted its stake in iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares during the last quarter. Raleigh Capital Management Inc. acquired a new position in iShares Silver Trust during the third quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust during the fourth quarter worth approximately $33,000. Hopwood Financial Services Inc. bought a new stake in iShares Silver Trust in the third quarter valued at approximately $38,000. Finally, Darwin Wealth Management LLC bought a new stake in iShares Silver Trust in the second quarter valued at approximately $39,000.

iShares Silver Trust Stock Up 0.1%

SLV opened at $63.52 on Tuesday. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The business has a 50 day moving average of $76.20 and a 200-day moving average of $60.69. The stock has a market cap of $34.97 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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.