Kingsview Wealth Management LLC Sells 4,649 Shares of iShares Silver Trust (NYSEARCA:SLV)

Kingsview Wealth Management LLC reduced its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 7.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 54,044 shares of the exchange traded fund’s stock after selling 4,649 shares during the period. Kingsview Wealth Management LLC’s holdings in iShares Silver Trust were worth $1,423,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC bought a new stake in iShares Silver Trust during the 4th quarter worth approximately $25,000. Key Client Fiduciary Advisors LLC increased its holdings in iShares Silver Trust by 406.5% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 4,825 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in iShares Silver Trust during the 3rd quarter worth approximately $28,000. Jamison Private Wealth Management Inc. bought a new stake in iShares Silver Trust during the 3rd quarter worth approximately $31,000. Finally, Hantz Financial Services Inc. bought a new stake in iShares Silver Trust during the 4th quarter worth approximately $35,000.

iShares Silver Trust Stock Performance

Shares of SLV opened at $29.00 on Wednesday. iShares Silver Trust has a 52 week low of $20.11 and a 52 week high of $31.80. The stock has a 50 day moving average price of $27.81 and a two-hundred day moving average price of $27.80. The firm has a market capitalization of $13.61 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.