Meridian Wealth Management LLC Has $11.70 Million Stock Holdings in iShares Silver Trust $SLV

Meridian Wealth Management LLC trimmed its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 181,558 shares of the exchange traded fund’s stock after selling 9,444 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares Silver Trust were worth $11,696,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in iShares Silver Trust by 259.9% during the 4th quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock valued at $90,188,000 after purchasing an additional 1,011,000 shares during the period. Quadrature Capital Ltd lifted its stake 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 valued at $40,681,000 after acquiring an additional 906,747 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its stake in iShares Silver Trust by 478.6% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock valued at $42,365,000 after acquiring an additional 827,089 shares in the last quarter. Briaud Financial Planning Inc lifted its stake in iShares Silver Trust by 5,493.2% during the 3rd quarter. Briaud Financial Planning Inc now owns 621,064 shares of the exchange traded fund’s stock valued at $26,314,000 after acquiring an additional 609,960 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares in the last quarter.

iShares Silver Trust Trading Up 6.8%

Shares of NYSEARCA:SLV opened at $78.00 on Tuesday. The stock’s fifty day simple moving average is $70.12 and its two-hundred day simple moving average is $65.87. iShares Silver Trust has a 1-year low of $29.09 and a 1-year high of $109.83. The stock has a market cap of $44.15 billion, a PE ratio of -8.51 and a beta of 0.45.

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.