iShares Silver Trust (NYSEARCA:SLV) Holdings Trimmed by MY Wealth Management Inc.

MY Wealth Management Inc. lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 34.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 186,118 shares of the exchange traded fund’s stock after selling 99,422 shares during the quarter. iShares Silver Trust accounts for approximately 4.9% of MY Wealth Management Inc.’s portfolio, making the stock its 9th biggest position. MY Wealth Management Inc.’s holdings in iShares Silver Trust were worth $4,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SLV. Eagle Bay Advisors LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at about $25,000. McClarren Financial Advisors Inc. raised its holdings in iShares Silver Trust by 3,471.4% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 972 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of iShares Silver Trust during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC lifted its stake in iShares Silver Trust by 671.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 1,115 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in iShares Silver Trust in the 4th quarter valued at $35,000.

iShares Silver Trust Stock Up 2.9 %

NYSEARCA SLV opened at $29.96 on Wednesday. The firm has a market cap of $14.30 billion, a P/E ratio of -8.33 and a beta of 0.74. The business’s 50-day moving average price is $28.50 and its 200 day moving average price is $28.29. iShares Silver Trust has a 52-week low of $21.97 and a 52-week high of $31.80.

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.