Kovack Advisors Inc. Sells 8,580 Shares of iShares Silver Trust (NYSEARCA:SLV)

Kovack Advisors Inc. decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,738 shares of the exchange traded fund’s stock after selling 8,580 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Silver Trust were worth $888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pettinga Financial Advisors LLC lifted its holdings in shares of iShares Silver Trust by 0.6% during the third quarter. Pettinga Financial Advisors LLC now owns 108,860 shares of the exchange traded fund’s stock valued at $3,093,000 after purchasing an additional 658 shares during the last quarter. Strategic Blueprint LLC increased its position in iShares Silver Trust by 8.4% during the 3rd quarter. Strategic Blueprint LLC now owns 9,192 shares of the exchange traded fund’s stock valued at $261,000 after buying an additional 713 shares in the last quarter. Great Diamond Partners LLC purchased a new position in iShares Silver Trust during the third quarter valued at $324,000. SteelPeak Wealth LLC bought a new stake in iShares Silver Trust in the third quarter worth $208,000. Finally, US Bancorp DE boosted its holdings in iShares Silver Trust by 21.2% in the third quarter. US Bancorp DE now owns 99,123 shares of the exchange traded fund’s stock worth $2,816,000 after acquiring an additional 17,345 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $28.40 on Friday. The business has a fifty day moving average price of $28.11 and a 200-day moving average price of $28.10. The company has a market capitalization of $13.56 billion, a PE ratio of -8.33 and a beta of 0.74. iShares Silver Trust has a 1-year low of $20.45 and a 1-year 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.