Kestra Advisory Services LLC Has $25.70 Million Stock Holdings in iShares Silver Trust $SLV

Kestra Advisory Services LLC decreased its stake in iShares Silver Trust (NYSEARCA:SLV) by 21.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,159 shares of the exchange traded fund’s stock after selling 101,210 shares during the period. Kestra Advisory Services LLC owned 0.07% of iShares Silver Trust worth $25,700,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SLV. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust in the fourth quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $32,000. Sfam LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $33,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $33,000. Finally, Redwood Park Advisors LLC boosted its holdings in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares during the last quarter.

iShares Silver Trust Stock Down 0.4%

Shares of NYSEARCA:SLV traded down $0.19 during midday trading on Friday, hitting $53.95. The stock had a trading volume of 11,709,494 shares, compared to its average volume of 59,922,551. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83. The business’s 50-day simple moving average is $63.28 and its 200-day simple moving average is $69.82. The company has a market cap of $28.81 billion, a P/E ratio of -8.51 and a beta of 0.49.

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.