Arkos Global Advisors Cuts Stock Holdings in iShares Silver Trust $SLV

Arkos Global Advisors reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 79.0% in the 4th quarter, HoldingsChannel reports. The firm owned 18,199 shares of the exchange traded fund’s stock after selling 68,336 shares during the period. Arkos Global Advisors’ holdings in iShares Silver Trust were worth $1,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC increased its holdings in iShares Silver Trust by 99.6% in the third quarter. NewEdge Wealth LLC now owns 43,195 shares of the exchange traded fund’s stock valued at $1,885,000 after buying an additional 21,551 shares in the last quarter. Ameliora Wealth Management Ltd. increased its holdings in iShares Silver Trust by 15.4% in the fourth 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 in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in iShares Silver Trust by 33.1% in the fourth 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 in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in iShares Silver Trust by 47.8% in the fourth 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 in the last quarter. Finally, Finer Wealth Management Inc. purchased a new position in iShares Silver Trust in the fourth quarter valued at about $709,000.

iShares Silver Trust Trading Up 0.8%

Shares of iShares Silver Trust stock opened at $61.29 on Friday. iShares Silver Trust has a 12-month low of $32.06 and a 12-month high of $109.83. The stock has a market cap of $34.69 billion, a PE ratio of -8.51 and a beta of 0.45. The company has a 50-day moving average of $68.35 and a two-hundred day moving average of $69.53.

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.