Elevation Point Wealth Partners LLC Sells 61,689 Shares of iShares Silver Trust $SLV

Elevation Point Wealth Partners LLC reduced its position in iShares Silver Trust (NYSEARCA:SLV) by 75.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,164 shares of the exchange traded fund’s stock after selling 61,689 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in iShares Silver Trust were worth $854,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. United Capital Management of KS Inc. raised its holdings in shares of iShares Silver Trust by 3.3% in the third quarter. United Capital Management of KS Inc. now owns 6,999 shares of the exchange traded fund’s stock worth $297,000 after buying an additional 221 shares during the period. JT Stratford LLC lifted its stake in shares of iShares Silver Trust by 2.7% during the 3rd quarter. JT Stratford LLC now owns 8,429 shares of the exchange traded fund’s stock worth $357,000 after acquiring an additional 225 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in iShares Silver Trust by 2.1% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 11,819 shares of the exchange traded fund’s stock valued at $501,000 after acquiring an additional 239 shares during the period. Swisher Financial Concepts Inc. boosted its holdings in iShares Silver Trust by 1.4% during the 3rd quarter. Swisher Financial Concepts Inc. now owns 17,205 shares of the exchange traded fund’s stock valued at $729,000 after acquiring an additional 240 shares during the period. Finally, Nexus Investment Management ULC grew its position in iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 250 shares during the last quarter.

iShares Silver Trust Stock Up 0.7%

SLV stock opened at $73.22 on Tuesday. The business’s fifty day simple moving average is $78.74 and its two-hundred day simple moving average is $58.75. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The firm has a market cap of $40.31 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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.