Laurel Wealth Advisors LLC Sells 304,150 Shares of iShares Silver Trust $SLV

Laurel Wealth Advisors LLC decreased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 97.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,252 shares of the exchange traded fund’s stock after selling 304,150 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $392,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Guggenheim Capital LLC grew its stake in shares of iShares Silver Trust by 1,557.6% in the second quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after buying an additional 859,355 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in iShares Silver Trust in the second quarter valued at $26,643,000. The Manufacturers Life Insurance Company bought a new position in shares of iShares Silver Trust in the 2nd quarter valued at about $17,597,000. Great Valley Advisor Group Inc. increased its stake in shares of iShares Silver Trust by 1,133.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 526,970 shares of the exchange traded fund’s stock worth $17,290,000 after purchasing an additional 484,247 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in shares of iShares Silver Trust by 95.0% during the 2nd quarter. MML Investors Services LLC now owns 881,588 shares of the exchange traded fund’s stock worth $28,925,000 after purchasing an additional 429,435 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $81.57 on Tuesday. iShares Silver Trust has a 52-week low of $26.57 and a 52-week high of $109.83. The company has a market capitalization of $44.90 billion, a P/E ratio of -8.51 and a beta of 0.38. The company has a 50-day simple moving average of $76.86 and a 200 day simple moving average of $55.86.

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.