Fiduciary Alliance LLC Lowers Stake in iShares Silver Trust $SLV

Fiduciary Alliance LLC lessened its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 24.5% during the 1st quarter, Holdings Channel reports. The fund owned 39,697 shares of the exchange traded fund’s stock after selling 12,899 shares during the period. Fiduciary Alliance LLC’s holdings in iShares Silver Trust were worth $2,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SLV. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth $30,000. Intesa Sanpaolo Wealth Management purchased a new position in iShares Silver Trust in the fourth quarter valued at about $32,000. Sfam LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at about $33,000. Rialto Wealth Management LLC bought a new position in iShares Silver Trust in the fourth quarter worth about $33,000. Finally, Redwood Park Advisors LLC raised its holdings in iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares in the last quarter.

iShares Silver Trust Stock Performance

SLV stock opened at $52.36 on Friday. iShares Silver Trust has a one year low of $32.53 and a one year high of $109.83. The firm has a market cap of $29.64 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The firm has a 50-day simple moving average of $66.67 and a two-hundred day simple moving average of $70.16.

iShares Silver Trust Company 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.