Stablepoint Partners LLC Sells 9,975 Shares of iShares Silver Trust $SLV

Stablepoint Partners LLC trimmed its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 26.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,160 shares of the exchange traded fund’s stock after selling 9,975 shares during the period. Stablepoint Partners LLC’s holdings in iShares Silver Trust were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLV. Apella Capital LLC bought a new stake in shares of iShares Silver Trust during the 2nd quarter valued at $291,000. Aviso Financial Inc. boosted its stake in iShares Silver Trust by 1,600.0% during the second quarter. Aviso Financial Inc. now owns 4,250 shares of the exchange traded fund’s stock valued at $139,000 after buying an additional 4,000 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of iShares Silver Trust by 32.1% in the second quarter. Avantax Advisory Services Inc. now owns 130,316 shares of the exchange traded fund’s stock valued at $4,276,000 after purchasing an additional 31,633 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of iShares Silver Trust in the 1st quarter worth about $87,000. Finally, Welch Group LLC raised its position in iShares Silver Trust by 20.8% during the second quarter. Welch Group LLC now owns 26,043 shares of the exchange traded fund’s stock valued at $854,000 after purchasing an additional 4,476 shares during the period.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $51.21 on Friday. iShares Silver Trust has a fifty-two week low of $26.19 and a fifty-two week high of $51.27. The firm has a market capitalization of $27.59 billion, a PE ratio of -8.51 and a beta of 0.38. The stock’s fifty day moving average is $44.79 and its 200 day moving average is $37.75.

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.