National Wealth Management Group LLC Lowers Stake in iShares Silver Trust $SLV

National Wealth Management Group LLC cut its position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,048 shares of the exchange traded fund’s stock after selling 20,645 shares during the quarter. iShares Silver Trust comprises 1.4% of National Wealth Management Group LLC’s portfolio, making the stock its 18th biggest position. National Wealth Management Group LLC’s holdings in iShares Silver Trust were worth $4,126,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quadrature Capital Ltd increased its position in iShares Silver Trust by 1,691.5% during the 3rd quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock worth $40,681,000 after purchasing an additional 906,747 shares in the last quarter. Guggenheim Capital LLC lifted its position in iShares Silver Trust by 1,557.6% during the second quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after buying an additional 859,355 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its position in iShares Silver Trust by 478.6% during the third quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock valued at $42,365,000 after buying an additional 827,089 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Silver Trust during the second quarter worth approximately $26,643,000. Finally, Briaud Financial Planning Inc increased its position in shares of iShares Silver Trust by 5,493.2% in the third quarter. Briaud Financial Planning Inc now owns 621,064 shares of the exchange traded fund’s stock worth $26,314,000 after acquiring an additional 609,960 shares in the last quarter.

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iShares Silver Trust Stock Up 3.6%

iShares Silver Trust stock opened at $65.21 on Thursday. The firm has a fifty day moving average of $77.36 and a 200-day moving average of $60.00. iShares Silver Trust has a 52-week low of $26.57 and a 52-week high of $109.83. The firm has a market capitalization of $35.90 billion, a P/E ratio of -8.51 and a beta of 0.38.

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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