iShares Silver Trust $SLV Stock Position Cut by Walser Wealth Management Company A Ltd Liability Co

Walser Wealth Management Company A Ltd Liability Co lowered its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 281,042 shares of the exchange traded fund’s stock after selling 22,144 shares during the quarter. iShares Silver Trust accounts for 5.8% of Walser Wealth Management Company A Ltd Liability Co’s portfolio, making the stock its 2nd biggest holding. Walser Wealth Management Company A Ltd Liability Co owned about 0.05% of iShares Silver Trust worth $15,320,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in shares of iShares Silver Trust in the 1st quarter worth $2,762,000. Concurrent Investment Advisors LLC grew its position in shares of iShares Silver Trust by 32.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 102,777 shares of the exchange traded fund’s stock worth $5,495,000 after buying an additional 25,431 shares in the last quarter. Tudor Financial Inc. increased its stake in shares of iShares Silver Trust by 265.8% during the second quarter. Tudor Financial Inc. now owns 23,928 shares of the exchange traded fund’s stock valued at $1,279,000 after buying an additional 17,387 shares during the period. Highland Investment Advisors LLC purchased a new position in shares of iShares Silver Trust during the second quarter valued at $746,000. Finally, Renaissance Technologies LLC purchased a new position in shares of iShares Silver Trust during the first quarter valued at $7,437,000.

iShares Silver Trust Price Performance

SLV stock opened at $51.92 on Friday. The business has a 50-day moving average price of $57.93 and a 200 day moving average price of $60.81. The company has a market capitalization of $27.94 billion, a P/E ratio of -8.51 and a beta of 0.51. iShares Silver Trust has a 1-year low of $41.70 and a 1-year high of $109.83.

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.