Capital Wealth Planning LLC Sells 116,152 Shares of iShares Silver Trust $SLV

Capital Wealth Planning LLC reduced its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 49.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,237 shares of the exchange traded fund’s stock after selling 116,152 shares during the quarter. Capital Wealth Planning LLC’s holdings in iShares Silver Trust were worth $4,967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SLV. United Capital Management of KS Inc. boosted its stake in iShares Silver Trust by 3.3% during the 3rd quarter. United Capital Management of KS Inc. now owns 6,999 shares of the exchange traded fund’s stock worth $297,000 after acquiring an additional 221 shares during the last quarter. JT Stratford LLC increased its stake in iShares Silver Trust by 2.7% in the third quarter. JT Stratford LLC now owns 8,429 shares of the exchange traded fund’s stock valued at $357,000 after purchasing an additional 225 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in iShares Silver Trust by 2.1% in the third quarter. Redhawk Wealth Advisors Inc. now owns 11,819 shares of the exchange traded fund’s stock worth $501,000 after purchasing an additional 239 shares during the period. Swisher Financial Concepts Inc. raised its holdings in iShares Silver Trust by 1.4% in the third quarter. Swisher Financial Concepts Inc. now owns 17,205 shares of the exchange traded fund’s stock worth $729,000 after purchasing an additional 240 shares during the period. Finally, Nexus Investment Management ULC boosted its position in shares of iShares Silver Trust by 50.0% during 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.

iShares Silver Trust Stock Down 5.0%

Shares of SLV stock opened at $72.69 on Friday. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The firm has a fifty day moving average of $78.65 and a 200-day moving average of $58.16. The firm has a market capitalization of $40.02 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

iShares Silver Trust 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.