Avantax Planning Partners Inc. Cuts Position in iShares Silver Trust (NYSEARCA:SLV)

Avantax Planning Partners Inc. decreased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,690 shares of the exchange traded fund’s stock after selling 1,714 shares during the period. Avantax Planning Partners Inc.’s holdings in iShares Silver Trust were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SLV. Commerce Bank raised its holdings in shares of iShares Silver Trust by 3.5% during the fourth quarter. Commerce Bank now owns 31,000 shares of the exchange traded fund’s stock valued at $675,000 after acquiring an additional 1,055 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of iShares Silver Trust by 9.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 643,233 shares of the exchange traded fund’s stock worth $14,010,000 after buying an additional 55,282 shares in the last quarter. Balboa Wealth Partners acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $204,000. Assetmark Inc. lifted its stake in shares of iShares Silver Trust by 6.6% in the fourth quarter. Assetmark Inc. now owns 34,324 shares of the exchange traded fund’s stock worth $748,000 after buying an additional 2,130 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of iShares Silver Trust by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 52,038 shares of the exchange traded fund’s stock worth $1,133,000 after buying an additional 2,894 shares in the last quarter.

iShares Silver Trust Price Performance

NYSEARCA SLV traded up $0.19 during trading hours on Friday, hitting $27.74. 14,534,572 shares of the company’s stock traded hands, compared to its average volume of 25,251,955. The firm’s 50-day moving average is $25.12 and its 200-day moving average is $22.70. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $29.56. The company has a market capitalization of $13.02 billion, a PE ratio of -7.01 and a beta of 0.43.

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.