MinichMacGregor Wealth Management LLC Has $223,000 Stock Holdings in iShares Silver Trust $SLV

MinichMacGregor Wealth Management LLC decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 99.0% during the 1st quarter, Holdings Channel reports. The firm owned 3,268 shares of the exchange traded fund’s stock after selling 335,898 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in iShares Silver Trust were worth $223,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Tableaux LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at about $133,233,000. Bank of Montreal Can increased its holdings in shares of iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after buying an additional 1,852,688 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of iShares Silver Trust by 259.9% during the fourth quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock worth $90,188,000 after buying an additional 1,011,000 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of iShares Silver Trust by 1,691.5% in the third quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock valued at $40,681,000 after acquiring an additional 906,747 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV raised its stake in shares of iShares Silver Trust by 478.6% in the third quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock valued at $42,365,000 after acquiring an additional 827,089 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of SLV opened at $51.78 on Thursday. The company has a market capitalization of $29.31 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a one year low of $32.49 and a one year high of $109.83. The business’s 50 day simple moving average is $67.07 and its 200-day simple moving average is $70.17.

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.