iShares Silver Trust $SLV Stock: Walser Wealth Management Company A Ltd Liability Co Reduces Stake

Walser Wealth Management Company A Ltd Liability Co trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 281,042 shares of the exchange traded fund’s stock after selling 22,144 shares during the quarter. iShares Silver Trust makes up approximately 5.8% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its 2nd biggest holding. Walser Wealth Management Company A Ltd Liability Co’s holdings in iShares Silver Trust were worth $15,320,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Axiom Investment Management LLC bought a new position in iShares Silver Trust in the first quarter worth approximately $26,000. Horizons Wealth Management purchased a new stake in iShares Silver Trust during the third quarter worth $26,000. Bullseye Investment Management LLC bought a new stake in iShares Silver Trust during the 2nd quarter valued at $27,000. West Branch Capital LLC bought a new stake in iShares Silver Trust during the 2nd quarter valued at $27,000. Finally, Cape Investment Advisory Inc. bought a new stake in iShares Silver Trust during the 2nd quarter valued at $38,000.

iShares Silver Trust Trading Up 3.4%

Shares of NYSEARCA:SLV opened at $51.92 on Friday. iShares Silver Trust has a 12-month low of $41.70 and a 12-month high of $109.83. The business’s fifty day simple moving average is $57.93 and its 200-day simple moving average is $60.81. The company has a market capitalization of $27.94 billion, a PE ratio of -8.51 and a beta of 0.51.

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.