Integrated Wealth Concepts LLC Cuts Position in iShares Silver Trust $SLV

Integrated Wealth Concepts LLC decreased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 23.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 236,853 shares of the exchange traded fund’s stock after selling 71,573 shares during the period. Integrated Wealth Concepts LLC’s holdings in iShares Silver Trust were worth $12,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tableaux LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter worth $133,233,000. Bank of Montreal Can raised its stake in shares of iShares Silver Trust by 505.8% in the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after acquiring an additional 1,852,688 shares during the period. Focus Partners Wealth lifted its holdings in shares of iShares Silver Trust by 480.3% during the 4th quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock valued at $47,936,000 after acquiring an additional 615,902 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares in the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co purchased a new stake in iShares Silver Trust during the 4th quarter worth $36,485,000.

iShares Silver Trust Trading Up 2.3%

Shares of iShares Silver Trust stock opened at $60.72 on Thursday. iShares Silver Trust has a twelve month low of $37.24 and a twelve month high of $109.83. The stock has a market cap of $32.43 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53. The company has a fifty day moving average price of $56.44 and a 200 day moving average price of $63.96.

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.