Rik Saylor Financial Inc. Sells 42,235 Shares of iShares Silver Trust $SLV

Rik Saylor Financial Inc. trimmed its position in iShares Silver Trust (NYSEARCA:SLV) by 87.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,820 shares of the exchange traded fund’s stock after selling 42,235 shares during the quarter. Rik Saylor Financial Inc.’s holdings in iShares Silver Trust were worth $311,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new stake in shares of iShares Silver Trust during the 1st quarter worth approximately $26,000. West Branch Capital LLC acquired a new position in iShares Silver Trust in the second quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust in the fourth quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management acquired a new position in iShares Silver Trust in the fourth quarter valued at approximately $32,000. Finally, Redwood Park Advisors LLC boosted its stake in iShares Silver Trust by 106.4% in 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 last quarter.

iShares Silver Trust Stock Performance

SLV opened at $60.55 on Friday. The company has a fifty day moving average price of $55.91 and a two-hundred day moving average price of $64.22. iShares Silver Trust has a 52 week low of $36.63 and a 52 week high of $109.83. The firm has a market capitalization of $32.34 billion, a PE ratio of -8.51 and a beta of 0.53.

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.