iShares Silver Trust (NYSEARCA:SLV) Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 54.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,404 shares of the exchange traded fund’s stock after selling 18,312 shares during the period. HB Wealth Management LLC’s holdings in iShares Silver Trust were worth $350,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Simplicity Wealth LLC acquired a new position in iShares Silver Trust during the 1st quarter worth approximately $37,183,000. Pineridge Advisors LLC acquired a new position in iShares Silver Trust during the 4th quarter worth approximately $22,687,000. Yong Rong HK Asset Management Ltd acquired a new position in iShares Silver Trust during the 4th quarter worth approximately $10,890,000. Bleakley Financial Group LLC increased its position in iShares Silver Trust by 27.5% during the 4th quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after purchasing an additional 397,836 shares during the period. Finally, Simplicity Solutions LLC increased its position in iShares Silver Trust by 26.2% during the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after purchasing an additional 383,336 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA SLV traded up $0.71 on Friday, hitting $28.55. 18,299,891 shares of the company’s stock were exchanged, compared to its average volume of 24,217,334. The firm’s 50-day moving average price is $26.84 and its two-hundred day moving average price is $23.83. iShares Silver Trust has a fifty-two week low of $18.97 and a fifty-two week high of $29.56. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.