iShares Silver Trust $SLV Stock Holdings Cut by GK Wealth Management LLC

GK Wealth Management LLC lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 21.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,788 shares of the exchange traded fund’s stock after selling 18,567 shares during the period. iShares Silver Trust comprises about 2.0% of GK Wealth Management LLC’s portfolio, making the stock its 6th biggest position. GK Wealth Management LLC’s holdings in iShares Silver Trust were worth $3,641,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLV. Tableaux LLC bought a new position in shares of iShares Silver Trust during the fourth quarter worth about $133,233,000. MML Investors Services LLC boosted its holdings in iShares Silver Trust by 34.8% in the fourth quarter. MML Investors Services LLC now owns 1,402,204 shares of the exchange traded fund’s stock valued at $90,330,000 after acquiring an additional 362,291 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in iShares Silver Trust by 82.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,103,897 shares of the exchange traded fund’s stock valued at $72,445,000 after purchasing an additional 498,897 shares during the period. HighTower Advisors LLC raised its holdings in iShares Silver Trust by 7.5% during the 2nd quarter. HighTower Advisors LLC now owns 1,165,149 shares of the exchange traded fund’s stock worth $62,300,000 after purchasing an additional 81,257 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in iShares Silver Trust by 92.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 903,489 shares of the exchange traded fund’s stock worth $58,203,000 after purchasing an additional 434,347 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV traded up $1.33 during midday trading on Friday, reaching $54.78. The stock had a trading volume of 13,589,186 shares, compared to its average volume of 45,357,398. The company’s 50 day moving average price is $58.04 and its 200 day moving average price is $61.16. iShares Silver Trust has a twelve month low of $41.70 and a twelve month high of $109.83. The firm has a market cap of $29.48 billion, a price-to-earnings ratio of -8.51 and a beta of 0.51.

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. 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.