Northeast Planning Associates INC. NH Lowers Stock Holdings in iShares Silver Trust $SLV

Northeast Planning Associates INC. NH cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 2.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 438,167 shares of the exchange traded fund’s stock after selling 12,513 shares during the quarter. iShares Silver Trust comprises approximately 17.0% of Northeast Planning Associates INC. NH’s holdings, making the stock its biggest position. Northeast Planning Associates INC. NH’s holdings in iShares Silver Trust were worth $23,429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLV. Axiom Investment Management LLC purchased a new position in shares of iShares Silver Trust in the first quarter worth about $26,000. West Branch Capital LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $32,000. Finally, Redwood Park Advisors LLC boosted its holdings in iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 266 shares during the period.

iShares Silver Trust Trading Down 1.2%

iShares Silver Trust stock opened at $59.82 on Friday. iShares Silver Trust has a 1-year low of $36.97 and a 1-year high of $109.83. The firm has a market capitalization of $31.95 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53. The firm has a 50 day simple moving average of $56.04 and a 200 day simple moving average of $64.19.

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.