Kestra Private Wealth Services LLC Has $5.41 Million Stock Position in iShares Silver Trust $SLV

Kestra Private Wealth Services LLC reduced its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,386 shares of the exchange traded fund’s stock after selling 11,712 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in iShares Silver Trust were worth $5,409,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in shares of iShares Silver Trust in the first quarter valued at $2,762,000. Ameliora Wealth Management Ltd. boosted its stake in iShares Silver Trust by 15.4% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after buying an additional 11,563 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in iShares Silver Trust by 33.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock worth $2,433,000 after buying an additional 9,391 shares in the last quarter. Finer Wealth Management Inc. bought a new stake in iShares Silver Trust in the 4th quarter valued at $709,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in iShares Silver Trust by 47.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock valued at $1,869,000 after buying an additional 9,384 shares during the period.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $53.28 on Friday. The firm has a fifty day moving average of $66.30 and a 200-day moving average of $70.04. The stock has a market cap of $30.16 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 52-week low of $32.53 and a 52-week 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.