Kercheville Advisors LLC Decreases Stake in iShares Silver Trust $SLV

Kercheville Advisors LLC reduced its position in iShares Silver Trust (NYSEARCA:SLV) by 62.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 21,825 shares of the exchange traded fund’s stock after selling 35,675 shares during the period. Kercheville Advisors LLC’s holdings in iShares Silver Trust were worth $1,487,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SLV. Brighton Jones LLC lifted its stake in shares of iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 1,595 shares in the last quarter. Bison Wealth LLC purchased a new position in iShares Silver Trust in the 4th quarter valued at approximately $238,000. Capstone Wealth Management Group LLC bought a new stake in iShares Silver Trust during the 1st quarter valued at $443,000. Schnieders Capital Management LLC. raised its holdings in iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 1,300 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of iShares Silver Trust during the second quarter worth $886,000.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $55.73 on Wednesday. iShares Silver Trust has a 1 year low of $32.06 and a 1 year high of $109.83. The stock’s fifty day moving average price is $67.40 and its two-hundred day moving average price is $70.17. The company has a market cap of $31.54 billion, a P/E ratio of -8.51 and a beta of 0.45.

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.