GK Wealth Management LLC Sells 18,567 Shares of iShares Silver Trust $SLV

GK Wealth Management LLC cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 21.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,788 shares of the exchange traded fund’s stock after selling 18,567 shares during the quarter. iShares Silver Trust accounts for 2.0% of GK Wealth Management LLC’s holdings, making the stock its 6th largest position. GK Wealth Management LLC’s holdings in iShares Silver Trust were worth $3,641,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SLV. Axiom Investment Management LLC bought a new stake in shares of iShares Silver Trust during the 1st quarter valued at $26,000. Horizons Wealth Management bought a new position in shares of iShares Silver Trust in the third quarter worth $26,000. Bullseye Investment Management LLC acquired a new position in iShares Silver Trust in the second quarter valued at about $27,000. West Branch Capital LLC acquired a new position in iShares Silver Trust in the second quarter valued at about $27,000. Finally, South Plains Financial Inc. bought a new stake in iShares Silver Trust during the fourth quarter worth about $36,000.

iShares Silver Trust Trading Up 2.5%

iShares Silver Trust stock traded up $1.33 during trading hours on Friday, reaching $54.78. 13,589,186 shares of the stock were exchanged, compared to its average volume of 45,357,398. The company has a market cap of $29.48 billion, a P/E ratio of -8.51 and a beta of 0.51. iShares Silver Trust has a twelve month low of $41.70 and a twelve month high of $109.83. The stock has a 50 day moving average of $58.04 and a two-hundred day moving average of $61.16.

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.