WESPAC Advisors LLC Trims Stake in iShares Silver Trust (NYSEARCA:SLV)

WESPAC Advisors LLC lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,430 shares of the exchange traded fund’s stock after selling 1,072 shares during the period. WESPAC Advisors LLC’s holdings in iShares Silver Trust were worth $580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lazard Asset Management LLC increased its holdings in iShares Silver Trust by 9.1% during the 1st quarter. Lazard Asset Management LLC now owns 17,084 shares of the exchange traded fund’s stock worth $388,000 after purchasing an additional 1,430 shares during the period. Transcendent Capital Group LLC boosted its stake in shares of iShares Silver Trust by 91.7% during the first quarter. Transcendent Capital Group LLC now owns 2,300 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 1,100 shares in the last quarter. Econ Financial Services Corp bought a new position in iShares Silver Trust in the first quarter worth approximately $1,640,000. Caxton Associates LP bought a new stake in iShares Silver Trust during the 1st quarter valued at $10,506,000. Finally, Waverly Advisors LLC raised its position in shares of iShares Silver Trust by 1,184.8% in the 1st quarter. Waverly Advisors LLC now owns 143,068 shares of the exchange traded fund’s stock worth $3,255,000 after acquiring an additional 131,933 shares in the last quarter.

iShares Silver Trust Price Performance

SLV opened at $28.47 on Friday. The firm has a market capitalization of $13.36 billion, a PE ratio of -7.01 and a beta of 0.43. The business’s 50-day moving average is $28.99 and its two-hundred day moving average is $27.60. iShares Silver Trust has a 1 year low of $20.07 and a 1 year high of $31.80.

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.