New Wave Wealth Advisors LLC Trims Position in iShares Silver Trust (NYSEARCA:SLV)

New Wave Wealth Advisors LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,414 shares of the exchange traded fund’s stock after selling 6,725 shares during the period. New Wave Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SLV. Ironwood Wealth Management LLC. purchased a new stake in shares of iShares Silver Trust in the 2nd quarter worth about $202,000. Thrivent Financial for Lutherans raised its position in shares of iShares Silver Trust by 28.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 71,654 shares of the exchange traded fund’s stock worth $1,904,000 after acquiring an additional 15,750 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares Silver Trust by 14.5% in the 2nd quarter. Cetera Investment Advisers now owns 935,476 shares of the exchange traded fund’s stock valued at $24,856,000 after purchasing an additional 118,715 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of iShares Silver Trust during the second quarter valued at approximately $1,660,000. Finally, Alternative Investment Advisors LLC. purchased a new stake in iShares Silver Trust in the second quarter worth $244,000.

iShares Silver Trust Trading Up 2.6 %

Shares of SLV stock opened at $28.72 on Friday. The company’s fifty day moving average price is $27.62 and its 200-day moving average price is $27.66. The stock has a market cap of $13.48 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12 month low of $20.11 and a 12 month high of $31.80.

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.