Kingswood Wealth Advisors LLC Trims Stake in iShares Silver Trust (NYSEARCA:SLV)

Kingswood Wealth Advisors LLC lowered its position in iShares Silver Trust (NYSEARCA:SLV) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,549 shares of the exchange traded fund’s stock after selling 1,673 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SLV. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at $25,000. Key Client Fiduciary Advisors LLC increased its stake in iShares Silver Trust by 406.5% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 4,825 shares during the period. Spartan Fund Management Inc. purchased a new position in iShares Silver Trust in the 3rd quarter worth about $28,000. Jamison Private Wealth Management Inc. purchased a new position in iShares Silver Trust in the 3rd quarter worth about $31,000. Finally, Peoples Bank KS increased its stake in iShares Silver Trust by 334.5% in the 3rd quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 970 shares during the period.

iShares Silver Trust Price Performance

SLV stock opened at $27.63 on Wednesday. The company has a market capitalization of $12.97 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12 month low of $20.11 and a 12 month high of $31.80. The firm’s 50-day moving average is $27.61 and its 200 day moving average is $27.65.

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.