Tepp RIA LLC Lowers Holdings in iShares Silver Trust $SLV

Tepp RIA LLC trimmed its holdings in iShares Silver Trust (NYSEARCA:SLV) by 73.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,752 shares of the exchange traded fund’s stock after selling 49,916 shares during the quarter. iShares Silver Trust makes up approximately 0.9% of Tepp RIA LLC’s holdings, making the stock its 18th biggest position. Tepp RIA LLC’s holdings in iShares Silver Trust were worth $1,210,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TBH Global Asset Management LLC grew its stake in iShares Silver Trust by 1.5% during the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after acquiring an additional 104 shares in the last quarter. Westside Investment Management Inc. lifted its stake in iShares Silver Trust by 23.4% in the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares in the last quarter. JNBA Financial Advisors boosted its holdings in shares of iShares Silver Trust by 1.2% during the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after purchasing an additional 132 shares during the last quarter. SouthState Bank Corp boosted its holdings in shares of iShares Silver Trust by 29.6% during the 4th quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 148 shares during the last quarter. Finally, Swisher Financial Concepts Inc. grew its position in shares of iShares Silver Trust by 0.8% during the first quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after purchasing an additional 148 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $53.28 on Monday. iShares Silver Trust has a 12-month low of $32.53 and a 12-month high of $109.83. The stock’s 50-day moving average price is $66.30 and its 200-day moving average price is $70.17. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

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.