Whitaker Myers Wealth Managers LTD. Sells 1,644 Shares of iShares Silver Trust (NYSEARCA:SLV)

Whitaker Myers Wealth Managers LTD. decreased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,696 shares of the exchange traded fund’s stock after selling 1,644 shares during the period. Whitaker Myers Wealth Managers LTD.’s holdings in iShares Silver Trust were worth $300,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SLV. UMB Bank n.a. raised its holdings in iShares Silver Trust by 34.7% in the first quarter. UMB Bank n.a. now owns 7,760 shares of the exchange traded fund’s stock worth $240,000 after buying an additional 2,000 shares during the last quarter. Vanguard Capital Wealth Advisors increased its holdings in iShares Silver Trust by 65.9% during the first quarter. Vanguard Capital Wealth Advisors now owns 24,500 shares of the exchange traded fund’s stock valued at $759,000 after buying an additional 9,734 shares during the last quarter. Blue Zone Wealth Advisors LLC bought a new position in shares of iShares Silver Trust in the first quarter worth approximately $208,000. DHK Financial Advisors Inc. boosted its position in shares of iShares Silver Trust by 4.6% in the first quarter. DHK Financial Advisors Inc. now owns 12,680 shares of the exchange traded fund’s stock worth $393,000 after purchasing an additional 556 shares during the period. Finally, Sovereign Financial Group Inc. boosted its position in shares of iShares Silver Trust by 8.1% in the first quarter. Sovereign Financial Group Inc. now owns 15,908 shares of the exchange traded fund’s stock worth $493,000 after purchasing an additional 1,188 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $32.69 on Friday. The firm has a fifty day moving average price of $29.70 and a 200 day moving average price of $28.98. iShares Silver Trust has a fifty-two week low of $24.25 and a fifty-two week high of $32.98. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of -8.51 and a beta of 0.56.

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.