Nwam LLC Sells 14,399 Shares of iShares Silver Trust $SLV

Nwam LLC cut its stake in iShares Silver Trust (NYSEARCA:SLV) by 16.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,884 shares of the exchange traded fund’s stock after selling 14,399 shares during the quarter. Nwam LLC’s holdings in iShares Silver Trust were worth $4,004,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SLV. Axiom Investment Management LLC bought a new position in iShares Silver Trust in the first quarter worth about $26,000. West Branch Capital LLC purchased a new stake in shares of iShares Silver Trust during the second quarter valued at about $27,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $30,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $32,000. Finally, Redwood Park Advisors LLC raised its stake in shares of iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter.

iShares Silver Trust Stock Up 0.2%

NYSEARCA SLV opened at $60.13 on Tuesday. The firm has a market cap of $32.12 billion, a PE ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a 52 week low of $35.32 and a 52 week high of $109.83. The company has a 50 day moving average price of $55.56 and a 200 day moving average price of $64.48.

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. 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.