iShares Silver Trust $SLV is Innovative Advisory Group LLC’s 3rd Largest Position

Innovative Advisory Group LLC decreased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 12.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 91,046 shares of the exchange traded fund’s stock after selling 12,787 shares during the period. iShares Silver Trust makes up 3.7% of Innovative Advisory Group LLC’s investment portfolio, making the stock its 3rd largest position. Innovative Advisory Group LLC’s holdings in iShares Silver Trust were worth $4,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SLV. Premier Financial Group boosted its holdings in iShares Silver Trust by 8.1% in the 2nd quarter. Premier Financial Group now owns 15,054 shares of the exchange traded fund’s stock worth $805,000 after buying an additional 1,130 shares during the period. Bullseye Investment Management LLC bought a new stake in iShares Silver Trust during the 2nd quarter valued at $27,000. Sequoia Financial Advisors LLC lifted its position in shares of iShares Silver Trust by 5.3% during the second quarter. Sequoia Financial Advisors LLC now owns 54,784 shares of the exchange traded fund’s stock worth $2,929,000 after acquiring an additional 2,764 shares in the last quarter. Van Hulzen Asset Management LLC lifted its position in shares of iShares Silver Trust by 8.5% during the second quarter. Van Hulzen Asset Management LLC now owns 28,444 shares of the exchange traded fund’s stock worth $1,521,000 after acquiring an additional 2,217 shares in the last quarter. Finally, One Capital Management LLC purchased a new stake in shares of iShares Silver Trust during the second quarter worth $583,000.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $59.63 on Tuesday. The firm has a market capitalization of $32.09 billion, a P/E ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a one year low of $39.34 and a one year high of $109.83. The business has a fifty day moving average price of $57.08 and a 200-day moving average price of $62.74.

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.