Primoris Wealth Advisors LLC Reduces Holdings in iShares Silver Trust $SLV

Primoris Wealth Advisors LLC lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 27.6% in the third quarter, Holdings Channel reports. The institutional investor owned 56,330 shares of the exchange traded fund’s stock after selling 21,500 shares during the quarter. iShares Silver Trust comprises approximately 1.5% of Primoris Wealth Advisors LLC’s holdings, making the stock its 22nd largest position. Primoris Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $2,387,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. increased its stake in iShares Silver Trust by 2.1% during the third quarter. Redhawk Wealth Advisors Inc. now owns 11,819 shares of the exchange traded fund’s stock worth $501,000 after acquiring an additional 239 shares during the last quarter. Swisher Financial Concepts Inc. raised its holdings in iShares Silver Trust by 1.4% in the 3rd quarter. Swisher Financial Concepts Inc. now owns 17,205 shares of the exchange traded fund’s stock valued at $729,000 after buying an additional 240 shares during the period. Nexus Investment Management ULC lifted its position in iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 250 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in iShares Silver Trust by 0.6% during the third quarter. Silver Oak Securities Incorporated now owns 42,936 shares of the exchange traded fund’s stock worth $1,819,000 after buying an additional 251 shares during the period. Finally, Ironwood Wealth Management LLC. increased its position in shares of iShares Silver Trust by 3.2% during the third quarter. Ironwood Wealth Management LLC. now owns 8,203 shares of the exchange traded fund’s stock valued at $348,000 after acquiring an additional 255 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $77.23 on Tuesday. The firm’s 50 day moving average price is $56.14 and its 200-day moving average price is $44.47. iShares Silver Trust has a one year low of $26.57 and a one year high of $78.18. The firm has a market cap of $44.14 billion, a P/E ratio of -8.51 and a beta of 0.38.

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.