iShares Silver Trust $SLV is McAlvany Wealth Management LLC’s 4th Largest Position

McAlvany Wealth Management LLC decreased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 57.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,926 shares of the exchange traded fund’s stock after selling 204,579 shares during the quarter. iShares Silver Trust accounts for approximately 6.0% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. McAlvany Wealth Management LLC’s holdings in iShares Silver Trust were worth $9,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in iShares Silver Trust in the first quarter valued at $2,762,000. Ameliora Wealth Management Ltd. raised its stake in shares of iShares Silver Trust by 15.4% during the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock valued at $5,583,000 after buying an additional 11,563 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in shares of iShares Silver Trust by 33.1% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after buying an additional 9,391 shares during the last quarter. Finer Wealth Management Inc. acquired a new position in shares of iShares Silver Trust in the 4th quarter valued at about $709,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of iShares Silver Trust by 47.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock valued at $1,869,000 after buying an additional 9,384 shares during the period.

iShares Silver Trust Stock Up 0.8%

Shares of SLV opened at $50.78 on Friday. iShares Silver Trust has a 52 week low of $33.10 and a 52 week high of $109.83. The company has a market capitalization of $27.12 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. The stock’s 50-day moving average price is $61.51 and its 200-day moving average price is $69.32.

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.