Lake Hills Wealth Management LLC Sells 90,886 Shares of iShares Silver Trust $SLV

Lake Hills Wealth Management LLC cut its holdings in iShares Silver Trust (NYSEARCA:SLVFree Report) by 44.8% in the third quarter, Holdings Channel reports. The institutional investor owned 111,951 shares of the exchange traded fund’s stock after selling 90,886 shares during the quarter. iShares Silver Trust accounts for 2.5% of Lake Hills Wealth Management LLC’s holdings, making the stock its 10th largest holding. Lake Hills Wealth Management LLC’s holdings in iShares Silver Trust were worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SLV. Kingstone Capital Partners Texas LLC acquired a new stake in iShares Silver Trust in the 2nd quarter valued at $162,217,000. Meitav Investment House Ltd. lifted its holdings in iShares Silver Trust by 5.4% during the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock valued at $97,589,000 after purchasing an additional 152,600 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Silver Trust by 127.3% in the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after purchasing an additional 1,460,084 shares during the period. Raymond James Financial Inc. increased its stake in shares of iShares Silver Trust by 1.0% during the second quarter. Raymond James Financial Inc. now owns 2,472,356 shares of the exchange traded fund’s stock worth $81,118,000 after purchasing an additional 25,584 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares Silver Trust by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,372,143 shares of the exchange traded fund’s stock worth $45,020,000 after purchasing an additional 295,575 shares during the last quarter.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Trading Up 2.7%

Shares of iShares Silver Trust stock opened at $60.93 on Monday. iShares Silver Trust has a twelve month low of $26.22 and a twelve month high of $61.16. The firm has a market capitalization of $32.83 billion, a PE ratio of -8.51 and a beta of 0.38. The firm’s 50-day moving average price is $48.76 and its 200 day moving average price is $40.50.

About iShares Silver Trust

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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