Sigma Planning Corp Reduces Position in iShares Silver Trust $SLV

Sigma Planning Corp lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 26.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,771 shares of the exchange traded fund’s stock after selling 59,139 shares during the quarter. Sigma Planning Corp’s holdings in iShares Silver Trust were worth $10,955,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in shares of iShares Silver Trust in the first quarter valued at approximately $2,762,000. Ameliora Wealth Management Ltd. increased its holdings in iShares Silver Trust by 15.4% during the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after acquiring an additional 11,563 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in iShares Silver Trust by 33.1% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock worth $2,433,000 after acquiring an additional 9,391 shares during the period. Finer Wealth Management Inc. bought a new stake in iShares Silver Trust during the 4th quarter worth approximately $709,000. Finally, Sound Income Strategies LLC lifted its stake in iShares Silver Trust by 268.2% in the 4th quarter. Sound Income Strategies LLC now owns 25,112 shares of the exchange traded fund’s stock worth $1,618,000 after purchasing an additional 18,291 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $53.17 on Wednesday. The firm has a fifty day moving average price of $62.74 and a two-hundred day moving average price of $69.69. iShares Silver Trust has a one year low of $33.10 and a one year high of $109.83. The company has a market cap of $28.40 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

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.