Intellectus Partners LLC Reduces Position in iShares Silver Trust $SLV

Intellectus Partners LLC lessened its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 35.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,785 shares of the exchange traded fund’s stock after selling 17,950 shares during the period. Intellectus Partners LLC’s holdings in iShares Silver Trust were worth $2,112,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sarver Vrooman Wealth Advisors purchased a new stake in iShares Silver Trust during the 4th quarter worth approximately $30,000. Raleigh Capital Management Inc. purchased a new stake in iShares Silver Trust during the 3rd quarter worth approximately $32,000. Rialto Wealth Management LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth approximately $33,000. BOK Financial Private Wealth Inc. purchased a new stake in iShares Silver Trust during the 4th quarter worth approximately $34,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its position in iShares Silver Trust by 274.2% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 425 shares during the last quarter.

iShares Silver Trust Trading Down 2.6%

NYSEARCA:SLV opened at $66.21 on Thursday. The company has a market cap of $37.47 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a twelve month low of $31.23 and a twelve month high of $109.83. The company’s 50 day moving average is $68.81 and its two-hundred day moving average is $68.93.

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.