iShares Silver Trust $SLV Stock Position Reduced by Williams & Novak LLC

Williams & Novak LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,249 shares of the exchange traded fund’s stock after selling 1,450 shares during the quarter. iShares Silver Trust comprises approximately 2.0% of Williams & Novak LLC’s holdings, making the stock its 8th largest holding. Williams & Novak LLC’s holdings in iShares Silver Trust were worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SLV. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $162,217,000. Ameriprise Financial Inc. raised its position in shares of iShares Silver Trust by 127.3% during the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after buying an additional 1,460,084 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Silver Trust by 13.4% during the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after buying an additional 924,353 shares in the last quarter. Carrhae Capital LLP purchased a new stake in shares of iShares Silver Trust during the 1st quarter valued at about $17,880,000. Finally, Kaydan Wealth Management Inc. purchased a new stake in shares of iShares Silver Trust during the 1st quarter valued at about $15,050,000.

iShares Silver Trust Trading Up 1.6%

Shares of NYSEARCA SLV opened at $45.43 on Friday. The firm’s 50-day moving average price is $37.97 and its 200-day moving average price is $33.71. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $46.35.

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.