Verdence Capital Advisors LLC Sells 7,558 Shares of iShares Silver Trust $SLV

Verdence Capital Advisors LLC trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,934 shares of the exchange traded fund’s stock after selling 7,558 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares Silver Trust were worth $704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vantage Financial Partners LLC purchased a new position in shares of iShares Silver Trust during the third quarter valued at $489,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares Silver Trust by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after buying an additional 30,915 shares during the period. D.B. Root & Company LLC purchased a new position in shares of iShares Silver Trust during the third quarter valued at $370,000. Envestnet Asset Management Inc. increased its stake in shares of iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after buying an additional 273,913 shares during the period. Finally, Adamsbrown Wealth Consultants LLC purchased a new position in shares of iShares Silver Trust during the third quarter valued at $235,000.

iShares Silver Trust Trading Down 0.7%

Shares of iShares Silver Trust stock opened at $68.33 on Tuesday. The firm has a market cap of $38.67 billion, a P/E ratio of -8.51 and a beta of 0.52. iShares Silver Trust has a 12 month low of $29.04 and a 12 month high of $109.83. The stock’s fifty day moving average price is $71.08 and its 200-day moving average price is $64.59.

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.