iShares Silver Trust $SLV Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 47.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,748 shares of the exchange traded fund’s stock after selling 70,208 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Silver Trust were worth $4,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SLV. Axiom Investment Management LLC purchased a new stake in iShares Silver Trust in the first quarter valued at $26,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust during the 4th quarter valued at about $30,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of iShares Silver Trust in the 4th quarter valued at about $32,000. West Branch Capital LLC purchased a new stake in shares of iShares Silver Trust in the second quarter worth about $27,000. Finally, Sfam LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter worth about $33,000.

iShares Silver Trust Stock Up 0.9%

iShares Silver Trust stock opened at $59.06 on Thursday. The business’s 50-day moving average price is $55.70 and its 200 day moving average price is $66.64. The firm has a market cap of $31.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a 52 week low of $33.85 and a 52 week 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.