Accredited Wealth Management LLC Lowers Position in iShares Silver Trust $SLV

Accredited Wealth Management LLC decreased its position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 97.4% during the third quarter, Holdings Channel.com reports. The firm owned 625 shares of the exchange traded fund’s stock after selling 23,487 shares during the period. Accredited Wealth Management LLC’s holdings in iShares Silver Trust were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. purchased a new stake in iShares Silver Trust during the second quarter worth $25,000. Nexus Investment Management ULC raised its position 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 worth $32,000 after acquiring an additional 250 shares during the period. Raleigh Capital Management Inc. purchased a new stake in shares of iShares Silver Trust during the 3rd quarter worth about $32,000. Hopwood Financial Services Inc. acquired a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $38,000. Finally, Addison Advisors LLC acquired a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $31,000.

iShares Silver Trust Stock Up 5.6%

Shares of iShares Silver Trust stock opened at $84.99 on Friday. The firm has a market cap of $46.79 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The business has a 50-day moving average price of $76.48 and a 200 day moving average price of $55.38.

Key Headlines Impacting iShares Silver Trust

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iShares Silver Trust Company 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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