Strategic Investment Solutions Inc. IL Trims Holdings in iShares Silver Trust $SLV

Strategic Investment Solutions Inc. IL lowered its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 21.2% in the second quarter, Holdings Channel reports. The institutional investor owned 85,327 shares of the exchange traded fund’s stock after selling 22,999 shares during the quarter. iShares Silver Trust accounts for approximately 1.0% of Strategic Investment Solutions Inc. IL’s portfolio, making the stock its 23rd biggest position. Strategic Investment Solutions Inc. IL’s holdings in iShares Silver Trust were worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLV. Axiom Investment Management LLC bought a new position in iShares Silver Trust during the 1st quarter valued at $26,000. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust during the 4th quarter worth $30,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares Silver Trust in the 4th quarter worth about $32,000. Redwood Park Advisors LLC increased its position 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 purchasing an additional 266 shares during the last quarter. Finally, Sfam LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $33,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $57.50 on Friday. The stock has a market capitalization of $30.71 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a one year low of $33.85 and a one year high of $109.83. The company’s 50-day simple moving average is $56.20 and its 200-day simple moving average is $67.30.

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.