Walser Wealth Management Company A Ltd Liability Co Has $27.77 Million Stock Position in iShares Silver Trust $SLV

Walser Wealth Management Company A Ltd Liability Co decreased its stake in iShares Silver Trust (NYSEARCA:SLV) by 28.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,531 shares of the exchange traded fund’s stock after selling 158,835 shares during the quarter. iShares Silver Trust makes up about 12.5% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its 2nd largest position. Walser Wealth Management Company A Ltd Liability Co owned 0.07% of iShares Silver Trust worth $27,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of SLV. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust in the 4th quarter worth about $30,000. Intesa Sanpaolo Wealth Management bought a new position in iShares Silver Trust during the 4th quarter valued at about $32,000. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at about $33,000. Sfam LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at about $33,000. Finally, Redwood Park Advisors LLC grew its stake in iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 266 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV traded down $1.08 during mid-day trading on Tuesday, hitting $55.03. 4,793,355 shares of the stock were exchanged, compared to its average volume of 60,910,965. The company has a market cap of $29.39 billion, a P/E ratio of -8.51 and a beta of 0.49. The stock’s fifty day simple moving average is $64.34 and its two-hundred day simple moving average is $70.06. iShares Silver Trust has a twelve month low of $32.96 and a twelve month 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.