iShares Silver Trust $SLV Shares Sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC lowered its holdings in iShares Silver Trust (NYSEARCA:SLV) by 48.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,281 shares of the exchange traded fund’s stock after selling 41,789 shares during the quarter. Fortis Group Advisors LLC’s holdings in iShares Silver Trust were worth $2,421,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Axiom Investment Management LLC purchased a new position in iShares Silver Trust during the first quarter worth about $26,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $32,000. West Branch Capital LLC acquired a new position in shares of iShares Silver Trust in the 2nd quarter worth approximately $27,000. Finally, Sfam LLC acquired a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $33,000.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $58.48 on Friday. The stock has a market capitalization of $31.23 billion, a P/E ratio of -8.51 and a beta of 0.50. The company has a 50 day moving average price of $55.46 and a 200 day moving average price of $66.34. iShares Silver Trust has a fifty-two week low of $33.85 and a fifty-two week high of $109.83.

About iShares Silver Trust

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.