MGB Wealth Management LLC Reduces Position in iShares Silver Trust (NYSEARCA:SLV)

MGB Wealth Management LLC lessened its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 3.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,800 shares of the exchange traded fund’s stock after selling 850 shares during the quarter. MGB Wealth Management LLC’s holdings in iShares Silver Trust were worth $541,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SLV. Simplicity Wealth LLC purchased a new position in iShares Silver Trust during the first quarter worth $37,183,000. Pineridge Advisors LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at $22,687,000. RIA Advisory Group LLC grew its position in shares of iShares Silver Trust by 3,532.2% in the first quarter. RIA Advisory Group LLC now owns 737,854 shares of the exchange traded fund’s stock valued at $16,786,000 after purchasing an additional 717,540 shares during the period. Yong Rong HK Asset Management Ltd purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at $10,890,000. Finally, Bleakley Financial Group LLC grew its position in iShares Silver Trust by 27.5% during the fourth quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after acquiring an additional 397,836 shares during the period.

iShares Silver Trust Price Performance

SLV stock traded down $0.39 during trading on Friday, reaching $28.29. 9,752,007 shares of the stock traded hands, compared to its average volume of 23,917,172. The business’s 50 day moving average price is $27.23 and its 200-day moving average price is $24.05. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $29.56. The firm has a market capitalization of $13.28 billion, a PE ratio of -7.01 and a beta of 0.43.

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.