Intellus Advisors LLC Sells 11,540 Shares of iShares Silver Trust $SLV

Intellus Advisors LLC lessened its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 21.8% in the fourth quarter, HoldingsChannel reports. The fund owned 41,460 shares of the exchange traded fund’s stock after selling 11,540 shares during the period. Intellus Advisors LLC’s holdings in iShares Silver Trust were worth $2,671,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. bought a new stake in shares of iShares Silver Trust during the third quarter worth approximately $32,000. Rialto Wealth Management LLC bought a new stake in shares of iShares Silver Trust during the fourth quarter worth approximately $33,000. BOK Financial Private Wealth Inc. bought a new stake in shares of iShares Silver Trust during the fourth quarter worth approximately $34,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of iShares Silver Trust by 274.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 425 shares during the period. Finally, Hopwood Financial Services Inc. bought a new stake in shares of iShares Silver Trust during the third quarter worth approximately $38,000.

iShares Silver Trust Stock Up 1.0%

Shares of NYSEARCA:SLV opened at $69.45 on Friday. iShares Silver Trust has a 12-month low of $29.78 and a 12-month high of $109.83. The stock has a market cap of $39.31 billion, a PE ratio of -8.51 and a beta of 0.45. The business has a 50 day moving average of $69.17 and a 200-day moving average of $67.48.

iShares Silver Trust 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.