Journey Strategic Wealth LLC Cuts Stock Holdings in iShares Silver Trust $SLV

Journey Strategic Wealth LLC lowered its holdings in iShares Silver Trust (NYSEARCA:SLVFree Report) by 35.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 35,369 shares of the exchange traded fund’s stock after selling 19,050 shares during the quarter. Journey Strategic Wealth LLC’s holdings in iShares Silver Trust were worth $1,499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its holdings in shares of iShares Silver Trust by 1,557.6% in the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after buying an additional 859,355 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Silver Trust during the second quarter valued at approximately $26,643,000. The Manufacturers Life Insurance Company acquired a new stake in iShares Silver Trust in the second quarter valued at approximately $17,597,000. Great Valley Advisor Group Inc. boosted its stake in iShares Silver Trust by 1,133.5% in the second quarter. Great Valley Advisor Group Inc. now owns 526,970 shares of the exchange traded fund’s stock valued at $17,290,000 after acquiring an additional 484,247 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in iShares Silver Trust by 95.0% in the second quarter. MML Investors Services LLC now owns 881,588 shares of the exchange traded fund’s stock worth $28,925,000 after purchasing an additional 429,435 shares during the last quarter.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Trading Up 5.6%

Shares of SLV opened at $84.99 on Monday. The firm has a market cap of $46.79 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83. The stock has a fifty day moving average price of $76.48 and a 200-day moving average price of $55.52.

About iShares Silver Trust

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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