iShares Silver Trust $SLV Shares Sold by WMG Financial Advisors LLC

WMG Financial Advisors LLC trimmed its holdings in iShares Silver Trust (NYSEARCA:SLV) by 51.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,350 shares of the exchange traded fund’s stock after selling 8,986 shares during the period. WMG Financial Advisors LLC’s holdings in iShares Silver Trust were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its stake in iShares Silver Trust by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. grew its stake in iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in iShares Silver Trust by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock valued at $85,732,000 after acquiring an additional 26,710 shares during the last quarter. Mainstay Capital Management LLC ADV grew its stake in iShares Silver Trust by 82.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after acquiring an additional 824,589 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in iShares Silver Trust by 5.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock valued at $74,153,000 after acquiring an additional 94,521 shares during the last quarter.

iShares Silver Trust Trading Down 5.1%

Shares of NYSEARCA SLV opened at $68.49 on Wednesday. The stock has a market cap of $38.77 billion, a price-to-earnings ratio of -8.51 and a beta of 0.52. iShares Silver Trust has a 52 week low of $29.04 and a 52 week high of $109.83. The company’s 50-day moving average price is $71.24 and its 200 day moving average price is $63.89.

iShares Silver Trust 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.