Belpointe Asset Management LLC Trims Holdings in iShares Silver Trust $SLV

Belpointe Asset Management LLC reduced its holdings in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 60.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 39,760 shares of the exchange traded fund’s stock after selling 60,102 shares during the period. Belpointe Asset Management LLC’s holdings in iShares Silver Trust were worth $1,685,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Center for Financial Planning Inc. acquired a new position in iShares Silver Trust in the 2nd quarter valued at about $25,000. Addison Advisors LLC purchased a new position in shares of iShares Silver Trust in the 2nd quarter valued at approximately $31,000. Nexus Investment Management ULC increased its holdings in shares of iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of iShares Silver Trust in the second quarter valued at approximately $38,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of iShares Silver Trust during the second quarter worth $39,000.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $105.60 on Thursday. The firm has a market cap of $60.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The firm’s fifty day moving average price is $66.50 and its 200 day moving average price is $49.03. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $106.70.

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iShares Silver Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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