Faithward Advisors LLC Has $9.24 Million Position in iShares Silver Trust $SLV

Faithward Advisors LLC lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,663 shares of the exchange traded fund’s stock after selling 10,066 shares during the quarter. iShares Silver Trust makes up approximately 1.2% of Faithward Advisors LLC’s portfolio, making the stock its 17th largest holding. Faithward Advisors LLC’s holdings in iShares Silver Trust were worth $9,244,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in shares of iShares Silver Trust in the 1st quarter valued at approximately $2,762,000. Ameliora Wealth Management Ltd. lifted its holdings 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. Prime Capital Investment Advisors LLC boosted its position in iShares Silver Trust by 33.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock worth $2,433,000 after purchasing an additional 9,391 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in iShares Silver Trust by 47.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock worth $1,869,000 after purchasing an additional 9,384 shares during the period. Finally, Finer Wealth Management Inc. acquired a new position in iShares Silver Trust during the fourth quarter valued at approximately $709,000.

iShares Silver Trust Stock Down 5.4%

NYSEARCA:SLV opened at $55.73 on Wednesday. iShares Silver Trust has a 12 month low of $32.06 and a 12 month high of $109.83. The firm has a market cap of $31.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The company’s 50 day moving average is $67.40 and its 200-day moving average is $70.17.

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.