iShares Silver Trust $SLV Position Cut by Centricity Wealth Management LLC

Centricity Wealth Management LLC trimmed its holdings in iShares Silver Trust (NYSEARCA:SLV) by 44.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 976 shares of the exchange traded fund’s stock after selling 775 shares during the quarter. Centricity Wealth Management LLC’s holdings in iShares Silver Trust were worth $32,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new position in iShares Silver Trust in the second quarter worth approximately $162,217,000. Ameriprise Financial Inc. grew its position in iShares Silver Trust by 127.3% in the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock worth $80,514,000 after buying an additional 1,460,084 shares during the last quarter. LPL Financial LLC grew its position in iShares Silver Trust by 13.4% in the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock worth $242,725,000 after buying an additional 924,353 shares during the last quarter. Carrhae Capital LLP acquired a new position in iShares Silver Trust in the first quarter worth approximately $17,880,000. Finally, Kaydan Wealth Management Inc. acquired a new position in iShares Silver Trust in the first quarter worth approximately $15,050,000.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $42.37 on Wednesday. iShares Silver Trust has a twelve month low of $26.19 and a twelve month high of $42.75. The stock has a market cap of $22.75 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. The firm’s 50 day moving average price is $36.46 and its two-hundred day moving average price is $32.99.

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.