Kercheville Advisors LLC Lowers Stock Holdings in iShares Silver Trust $SLV

Kercheville Advisors LLC trimmed its position in iShares Silver Trust (NYSEARCA:SLV) by 62.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,825 shares of the exchange traded fund’s stock after selling 35,675 shares during the period. Kercheville Advisors LLC’s holdings in iShares Silver Trust were worth $1,487,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SLV. TBH Global Asset Management LLC boosted its holdings in iShares Silver Trust by 1.5% in the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 104 shares during the period. Westside Investment Management Inc. increased its holdings in shares of iShares Silver Trust by 23.4% in the fourth 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 period. JNBA Financial Advisors raised its position in shares of iShares Silver Trust by 1.2% in the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after buying an additional 132 shares in the last quarter. SouthState Bank Corp raised its position in shares of iShares Silver Trust by 29.6% in the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 148 shares in the last quarter. Finally, Swisher Financial Concepts Inc. boosted its stake in iShares Silver Trust by 0.8% during the first quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after buying an additional 148 shares during the period.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $55.73 on Wednesday. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83. The stock has a fifty day moving average of $67.40 and a 200 day moving average of $70.17. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

iShares Silver Trust Company 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.