WESCAP Management Group Inc. Trims Holdings in iShares Silver Trust $SLV

WESCAP Management Group Inc. lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,570 shares of the exchange traded fund’s stock after selling 30,460 shares during the period. iShares Silver Trust comprises about 2.3% of WESCAP Management Group Inc.’s investment portfolio, making the stock its 13th largest position. WESCAP Management Group Inc.’s holdings in iShares Silver Trust were worth $11,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust during the 4th quarter valued at $30,000. Rialto Wealth Management LLC bought a new stake in shares of iShares Silver Trust in the 4th quarter worth about $33,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $34,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of iShares Silver Trust by 274.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 425 shares in the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust during the third quarter worth about $38,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $61.57 on Monday. The stock’s 50 day moving average price is $68.82 and its two-hundred day moving average price is $69.20. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83. The stock has a market capitalization of $34.85 billion, a P/E ratio of -8.51 and a beta of 0.45.

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.