Advocate Investing Services LLC Sells 15,200 Shares of iShares Silver Trust $SLV

Advocate Investing Services LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 73.4% in the first quarter, HoldingsChannel.com reports. The firm owned 5,500 shares of the exchange traded fund’s stock after selling 15,200 shares during the quarter. Advocate Investing Services LLC’s holdings in iShares Silver Trust were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SLV. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust during the 4th quarter worth $30,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at $32,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at $33,000. Redwood Park Advisors LLC raised its position 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 worth $33,000 after acquiring an additional 266 shares during the last quarter. Finally, Sfam LLC bought a new stake in shares of iShares Silver Trust during the fourth quarter worth $33,000.

iShares Silver Trust Stock Up 1.8%

Shares of SLV opened at $53.28 on Friday. iShares Silver Trust has a 12-month low of $32.53 and a 12-month high of $109.83. The firm has a market capitalization of $30.16 billion, a PE ratio of -8.51 and a beta of 0.45. The stock’s fifty day simple moving average is $66.30 and its 200-day simple moving average is $70.04.

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.