Trek Financial LLC Has $11.75 Million Stock Holdings in iShares Silver Trust $SLV

Trek Financial LLC cut its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 37.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,391 shares of the exchange traded fund’s stock after selling 107,072 shares during the quarter. Trek Financial LLC’s holdings in iShares Silver Trust were worth $11,750,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vantage Financial Partners LLC bought a new position in iShares Silver Trust during the third quarter worth about $489,000. D.B. Root & Company LLC bought a new position in iShares Silver Trust during the third quarter worth about $370,000. Wealth Enhancement Advisory Services LLC lifted its stake in iShares Silver Trust by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock worth $10,525,000 after purchasing an additional 30,915 shares during the period. Envestnet Asset Management Inc. lifted its stake in iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after purchasing an additional 273,913 shares during the period. Finally, Adamsbrown Wealth Consultants LLC bought a new position in iShares Silver Trust during the third quarter worth about $235,000.

iShares Silver Trust Stock Up 6.8%

Shares of SLV opened at $78.00 on Tuesday. The stock has a market cap of $44.15 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12 month low of $29.09 and a 12 month high of $109.83. The company has a 50-day moving average price of $70.12 and a two-hundred day moving average price of $65.87.

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.