truNorth Financial Services Inc. Sells 10,167 Shares of iShares Silver Trust $SLV

truNorth Financial Services Inc. reduced its position in iShares Silver Trust (NYSEARCA:SLV) by 17.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 46,945 shares of the exchange traded fund’s stock after selling 10,167 shares during the period. iShares Silver Trust makes up approximately 3.3% of truNorth Financial Services Inc.’s investment portfolio, making the stock its 7th biggest position. truNorth Financial Services Inc.’s holdings in iShares Silver Trust were worth $3,199,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sarver Vrooman Wealth Advisors acquired a new position in shares of iShares Silver Trust in the fourth quarter worth about $30,000. Intesa Sanpaolo Wealth Management acquired a new stake in iShares Silver Trust during the 4th quarter valued at approximately $32,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust during the 4th quarter valued at approximately $33,000. Redwood Park Advisors LLC increased its holdings in iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares during the last quarter. Finally, Sfam LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth approximately $33,000.

iShares Silver Trust Stock Down 1.8%

Shares of SLV opened at $52.21 on Thursday. The firm has a market cap of $27.89 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. The business’s 50 day moving average is $62.38 and its two-hundred day moving average is $69.60. iShares Silver Trust has a 52-week low of $33.10 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.