Frontier Wealth Management LLC reduced its stake in iShares Silver Trust (NYSEARCA:SLV) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,028 shares of the exchange traded fund’s stock after selling 200 shares during the period. Frontier Wealth Management LLC’s holdings in iShares Silver Trust were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLV. Smithfield Trust Co. boosted its position in iShares Silver Trust by 26.7% in the 2nd quarter. Smithfield Trust Co. now owns 6,843 shares of the exchange traded fund’s stock valued at $108,000 after buying an additional 1,443 shares during the last quarter. Sei Investments Co. boosted its position in iShares Silver Trust by 16.2% in the 2nd quarter. Sei Investments Co. now owns 9,753 shares of the exchange traded fund’s stock valued at $154,000 after buying an additional 1,362 shares during the last quarter. Brighton Jones LLC purchased a new position in iShares Silver Trust in the 2nd quarter valued at about $164,000. Advisory Alpha LLC boosted its position in iShares Silver Trust by 58.5% in the 2nd quarter. Advisory Alpha LLC now owns 10,943 shares of the exchange traded fund’s stock valued at $180,000 after buying an additional 4,039 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in iShares Silver Trust by 2.9% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 12,364 shares of the exchange traded fund’s stock valued at $194,000 after buying an additional 350 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/frontier-wealth-management-llc-sells-200-shares-of-ishares-silver-trust-slv/1598924.html.

iShares Silver Trust (NYSEARCA:SLV) traded down 1.13% during trading on Friday, reaching $15.74. 6,330,528 shares of the company’s stock were exchanged. iShares Silver Trust has a 1-year low of $14.44 and a 1-year high of $18.67. The company’s 50-day moving average is $16.27 and its 200-day moving average is $16.19.

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.

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.