iShares Silver Trust $SLV Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,186 shares of the exchange traded fund’s stock after selling 13,334 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in iShares Silver Trust were worth $9,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 1,595 shares during the last quarter. Bison Wealth LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $238,000. Capstone Wealth Management Group LLC acquired a new position in iShares Silver Trust during the first quarter worth approximately $443,000. Schnieders Capital Management LLC. increased its position in iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in iShares Silver Trust during the second quarter worth approximately $886,000.

iShares Silver Trust Stock Up 3.3%

Shares of SLV opened at $59.41 on Tuesday. The firm has a market cap of $31.73 billion, a PE ratio of -8.51 and a beta of 0.50. The company’s fifty day moving average is $56.03 and its two-hundred day moving average is $67.02. iShares Silver Trust has a fifty-two week low of $33.85 and a fifty-two week 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.