iShares Silver Trust $SLV Stake Reduced by Stephens Inc. AR

Stephens Inc. AR cut its holdings in iShares Silver Trust (NYSEARCA:SLV) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,701 shares of the exchange traded fund’s stock after selling 1,014 shares during the quarter. Stephens Inc. AR’s holdings in iShares Silver Trust were worth $4,584,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Madison Wealth Partners Inc purchased a new position in iShares Silver Trust in the 2nd quarter worth about $368,000. Forvis Mazars Wealth Advisors LLC increased its stake in iShares Silver Trust by 11.6% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 14,772 shares of the exchange traded fund’s stock worth $485,000 after purchasing an additional 1,535 shares in the last quarter. Manchester Financial Inc. increased its stake in iShares Silver Trust by 11.6% in the 2nd quarter. Manchester Financial Inc. now owns 8,010 shares of the exchange traded fund’s stock worth $263,000 after purchasing an additional 832 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in iShares Silver Trust by 26.7% in the 2nd quarter. Koshinski Asset Management Inc. now owns 40,866 shares of the exchange traded fund’s stock worth $1,341,000 after purchasing an additional 8,621 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC purchased a new position in iShares Silver Trust in the 2nd quarter worth about $225,000.

iShares Silver Trust Trading Down 8.2%

Shares of SLV opened at $43.79 on Wednesday. The business’s 50-day moving average price is $39.75 and its 200 day moving average price is $34.56. The stock has a market capitalization of $23.92 billion, a P/E ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a 1-year low of $26.19 and a 1-year high of $49.25.

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.