Kingswood Wealth Advisors LLC Decreases Stock Holdings in iShares Silver Trust $SLV

Kingswood Wealth Advisors LLC trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 73.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,832 shares of the exchange traded fund’s stock after selling 93,277 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $1,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of iShares Silver Trust during the first quarter valued at approximately $25,000. Highline Wealth Partners LLC purchased a new stake in iShares Silver Trust in the second quarter worth $26,000. Trifecta Capital Advisors LLC purchased a new stake in iShares Silver Trust in the first quarter worth $31,000. Kentucky Trust Co increased its position in iShares Silver Trust by 185.7% in the first quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 650 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its position in iShares Silver Trust by 37.6% in the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 302 shares during the last quarter.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $44.56 on Thursday. The business has a fifty day simple moving average of $37.50 and a two-hundred day simple moving average of $33.50. iShares Silver Trust has a 1 year low of $26.19 and a 1 year high of $45.01. The company has a market capitalization of $24.75 billion, a P/E ratio of -8.51 and a beta of 0.59.

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.