McAlvany Wealth Management LLC Sells 204,579 Shares of iShares Silver Trust $SLV

McAlvany Wealth Management LLC cut its holdings in iShares Silver Trust (NYSEARCA:SLV) by 57.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 150,926 shares of the exchange traded fund’s stock after selling 204,579 shares during the quarter. iShares Silver Trust comprises 6.0% of McAlvany Wealth Management LLC’s holdings, making the stock its 4th largest position. McAlvany Wealth Management LLC’s holdings in iShares Silver Trust were worth $9,587,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TBH Global Asset Management LLC raised its position in shares of 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 last quarter. Westside Investment Management Inc. grew its position in iShares Silver Trust by 23.4% during the 4th 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 last quarter. JNBA Financial Advisors grew its position in iShares Silver Trust by 1.2% during the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 132 shares during the last quarter. SouthState Bank Corp increased its stake in iShares Silver Trust by 29.6% during the 4th quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 148 shares in the last quarter. Finally, Swisher Financial Concepts Inc. increased its stake in iShares Silver Trust by 0.8% during the 1st quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after purchasing an additional 148 shares in the last quarter.

iShares Silver Trust Trading Up 0.8%

NYSEARCA SLV opened at $50.78 on Friday. The company has a fifty day simple moving average of $61.51 and a two-hundred day simple moving average of $69.32. The stock has a market cap of $27.12 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 12-month low of $33.10 and a 12-month high of $109.83.

About iShares Silver Trust

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.