AlphaStar Capital Management LLC lowered its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 29.6% during the 4th quarter, Holdings Channel reports. The firm owned 15,071 shares of the exchange traded fund’s stock after selling 6,329 shares during the period. AlphaStar Capital Management LLC’s holdings in iShares Silver Trust were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of SLV. Eagle Bay Advisors LLC bought a new stake in shares of iShares Silver Trust in the 4th quarter worth approximately $25,000. Key Client Fiduciary Advisors LLC increased its position in iShares Silver Trust by 406.5% in the fourth 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 last quarter. Spartan Fund Management Inc. bought a new stake in shares of iShares Silver Trust in the third quarter valued at $28,000. Jamison Private Wealth Management Inc. purchased a new position in shares of iShares Silver Trust during the 3rd quarter valued at $31,000. Finally, Hantz Financial Services Inc. bought a new position in shares of iShares Silver Trust during the 4th quarter worth $35,000.
iShares Silver Trust Stock Performance
Shares of SLV opened at $29.03 on Monday. iShares Silver Trust has a fifty-two week low of $20.11 and a fifty-two week high of $31.80. The business has a 50-day moving average of $27.77 and a 200 day moving average of $27.75. The firm has a market cap of $13.63 billion, a P/E ratio of -7.01 and a beta of 0.43.
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.
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