Broussard Financial Group LLC Sells 22,525 Shares of iShares Silver Trust $SLV

Broussard Financial Group LLC reduced its stake in iShares Silver Trust (NYSEARCA:SLV) by 30.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,082 shares of the exchange traded fund’s stock after selling 22,525 shares during the period. iShares Silver Trust makes up approximately 2.8% of Broussard Financial Group LLC’s holdings, making the stock its 12th largest holding. Broussard Financial Group LLC’s holdings in iShares Silver Trust were worth $3,481,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Sarver Vrooman Wealth Advisors bought a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management bought a new stake in iShares Silver Trust in the fourth quarter valued at $32,000. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust during the fourth quarter worth $33,000. Redwood Park Advisors LLC lifted its holdings in shares of iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 266 shares during the period. Finally, Sfam LLC bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $33,000.

iShares Silver Trust Stock Performance

SLV opened at $54.46 on Wednesday. The firm’s 50-day simple moving average is $64.05 and its 200-day simple moving average is $70.02. iShares Silver Trust has a twelve month low of $32.96 and a twelve month high of $109.83. The firm has a market cap of $29.09 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

iShares Silver Trust Company 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.