Nwam LLC Decreases Stake in iShares Silver Trust $SLV

Nwam LLC cut its stake in iShares Silver Trust (NYSEARCA:SLV) by 16.1% in the second quarter, Holdings Channel reports. The firm owned 74,884 shares of the exchange traded fund’s stock after selling 14,399 shares during the period. Nwam LLC’s holdings in iShares Silver Trust were worth $4,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in iShares Silver Trust during the 1st quarter valued at about $2,762,000. Financial Partners Group Inc purchased a new position in shares of iShares Silver Trust in the fourth quarter worth about $509,000. Renaissance Technologies LLC purchased a new position in shares of iShares Silver Trust in the first quarter worth about $7,437,000. Thoroughbred Financial Services LLC lifted its holdings in shares of iShares Silver Trust by 77.2% during the fourth quarter. Thoroughbred Financial Services LLC now owns 22,513 shares of the exchange traded fund’s stock worth $1,450,000 after purchasing an additional 9,811 shares during the period. Finally, Price Capital Management Inc. lifted its holdings in shares of iShares Silver Trust by 92.1% during the fourth quarter. Price Capital Management Inc. now owns 113,740 shares of the exchange traded fund’s stock worth $7,327,000 after purchasing an additional 54,520 shares during the period.

iShares Silver Trust Stock Up 0.2%

Shares of NYSEARCA SLV opened at $60.13 on Tuesday. iShares Silver Trust has a 52 week low of $35.32 and a 52 week high of $109.83. The business’s 50 day moving average price is $55.56 and its 200 day moving average price is $64.48. The firm has a market cap of $32.12 billion, a P/E ratio of -8.51 and a beta of 0.50.

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.