iShares Silver Trust $SLV Shares Sold by National Wealth Management Group LLC

National Wealth Management Group LLC lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 23.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,625 shares of the exchange traded fund’s stock after selling 11,008 shares during the quarter. National Wealth Management Group LLC’s holdings in iShares Silver Trust were worth $1,942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SLV. Krilogy Financial LLC increased its stake in shares of iShares Silver Trust by 2,435.1% during the third quarter. Krilogy Financial LLC now owns 201,515 shares of the exchange traded fund’s stock worth $10,952,000 after buying an additional 193,566 shares during the period. Beacon Harbor Wealth Advisors Inc. purchased a new position in iShares Silver Trust in the first quarter worth approximately $12,828,000. Independent Financial Group LLC purchased a new position in iShares Silver Trust in the first quarter worth approximately $10,909,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of iShares Silver Trust by 151.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 237,278 shares of the exchange traded fund’s stock valued at $12,687,000 after purchasing an additional 142,978 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of iShares Silver Trust by 127.1% in the 1st quarter. Fifth Third Bancorp now owns 216,059 shares of the exchange traded fund’s stock valued at $14,722,000 after purchasing an additional 120,920 shares during the last quarter.

iShares Silver Trust Trading Down 0.1%

Shares of NYSEARCA:SLV opened at $48.66 on Tuesday. iShares Silver Trust has a 52 week low of $41.70 and a 52 week high of $109.83. The company’s 50 day moving average is $56.79 and its two-hundred day moving average is $64.88. The company has a market cap of $26.19 billion, a PE ratio of -8.51 and a beta of 0.51.

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. 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.