iShares Silver Trust $SLV Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 41.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,007 shares of the exchange traded fund’s stock after selling 30,710 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares Silver Trust were worth $2,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sarver Vrooman Wealth Advisors purchased a new position in iShares Silver Trust in the fourth quarter valued at about $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter worth approximately $33,000. Redwood Park Advisors LLC grew its holdings in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares during the period. Finally, Sfam LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter worth approximately $33,000.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $50.78 on Friday. The business has a 50 day moving average price of $61.51 and a 200 day moving average price of $69.32. The company has a market capitalization of $27.12 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 1-year low of $33.10 and a 1-year high of $109.83.

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.