iShares Silver Trust $SLV Stock: VestGen Advisors LLC Reduces Stake

VestGen Advisors LLC decreased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 31.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,392 shares of the exchange traded fund’s stock after selling 14,791 shares during the quarter. VestGen Advisors LLC’s holdings in iShares Silver Trust were worth $1,766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SLV. Laurel Wealth Advisors LLC boosted its stake in iShares Silver Trust by 10.9% during the 3rd quarter. Laurel Wealth Advisors LLC now owns 7,141 shares of the exchange traded fund’s stock valued at $389,000 after purchasing an additional 700 shares during the last quarter. Convergence Financial LLC purchased a new position in shares of iShares Silver Trust in the third quarter worth $208,000. Victory Financial Group LLC raised its stake in shares of iShares Silver Trust by 164.1% in the third quarter. Victory Financial Group LLC now owns 16,525 shares of the exchange traded fund’s stock worth $901,000 after purchasing an additional 10,267 shares during the last quarter. MADDEN SECURITIES Corp purchased a new position in shares of iShares Silver Trust in the third quarter worth $204,000. Finally, Latitude Advisors LLC lifted its holdings in shares of iShares Silver Trust by 3.9% during the third quarter. Latitude Advisors LLC now owns 6,741 shares of the exchange traded fund’s stock valued at $367,000 after purchasing an additional 253 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $44.60 on Friday. The company has a market cap of $24.00 billion, a P/E ratio of -8.51 and a beta of 0.51. iShares Silver Trust has a 1 year low of $42.51 and a 1 year high of $109.83. The stock’s fifty day moving average price is $55.82 and its 200-day moving average price is $64.38.

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.