iShares Silver Trust $SLV Position Trimmed by WESCAP Management Group Inc.

WESCAP Management Group Inc. trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 14.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 174,570 shares of the exchange traded fund’s stock after selling 30,460 shares during the period. iShares Silver Trust accounts for 2.3% of WESCAP Management Group Inc.’s portfolio, making the stock its 13th biggest position. WESCAP Management Group Inc.’s holdings in iShares Silver Trust were worth $11,246,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. D.B. Root & Company LLC bought a new stake in iShares Silver Trust in the 3rd quarter valued at about $370,000. Envestnet Asset Management Inc. grew its position in iShares Silver Trust by 20.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after purchasing an additional 273,913 shares during the last quarter. Ameliora Wealth Management Ltd. grew its position in iShares Silver Trust by 15.4% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after purchasing an additional 11,563 shares during the last quarter. NewEdge Wealth LLC increased its stake in shares of iShares Silver Trust by 99.6% in the third quarter. NewEdge Wealth LLC now owns 43,195 shares of the exchange traded fund’s stock valued at $1,885,000 after purchasing an additional 21,551 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its stake in shares of iShares Silver Trust by 33.1% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after purchasing an additional 9,391 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $61.57 on Monday. The stock has a 50 day simple moving average of $68.82 and a 200-day simple moving average of $69.20. The company has a market cap of $34.85 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12-month low of $32.06 and a 12-month high of $109.83.

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.