iShares Silver Trust $SLV Shares Sold by WMG Financial Advisors LLC

WMG Financial Advisors LLC reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 51.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,350 shares of the exchange traded fund’s stock after selling 8,986 shares during the period. WMG Financial Advisors LLC’s holdings in iShares Silver Trust were worth $538,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter worth about $33,000. Bangor Savings Bank acquired a new stake in shares of iShares Silver Trust during the 4th quarter worth about $38,000. American National Bank & Trust boosted its stake in shares of iShares Silver Trust by 96.7% during the 4th quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. Daytona Street Capital LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter worth about $41,000. Finally, Westside Investment Management Inc. boosted its stake in shares of iShares Silver Trust by 23.4% during the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares during the last quarter.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $68.49 on Wednesday. iShares Silver Trust has a 12-month low of $29.04 and a 12-month high of $109.83. The stock has a market capitalization of $38.77 billion, a P/E ratio of -8.51 and a beta of 0.52. The firm’s 50-day moving average is $71.24 and its two-hundred day moving average is $63.89.

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.