PSI Advisors LLC Cuts Stake in iShares Silver Trust (NYSEARCA:SLV)

PSI Advisors LLC cut its holdings in iShares Silver Trust (NYSEARCA:SLV) by 62.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,838 shares of the exchange traded fund’s stock after selling 4,667 shares during the period. PSI Advisors LLC’s holdings in iShares Silver Trust were worth $75,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SLV. Ironwood Wealth Management LLC. bought a new position in shares of iShares Silver Trust during the second quarter worth $202,000. Envestnet Asset Management Inc. lifted its stake in iShares Silver Trust by 27.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,190,547 shares of the exchange traded fund’s stock worth $31,633,000 after purchasing an additional 259,988 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of iShares Silver Trust by 5.5% during the 2nd quarter. Moors & Cabot Inc. now owns 34,934 shares of the exchange traded fund’s stock valued at $928,000 after purchasing an additional 1,823 shares during the last quarter. Capstone Wealth Management Group LLC purchased a new position in shares of iShares Silver Trust during the second quarter valued at about $605,000. Finally, DHK Financial Advisors Inc. increased its holdings in shares of iShares Silver Trust by 68.0% in the second quarter. DHK Financial Advisors Inc. now owns 19,031 shares of the exchange traded fund’s stock worth $506,000 after purchasing an additional 7,705 shares during the last quarter.

iShares Silver Trust Trading Up 0.9 %

NYSEARCA:SLV opened at $27.20 on Wednesday. The company has a market capitalization of $12.77 billion, a P/E ratio of -7.01 and a beta of 0.43. The business’s 50-day moving average is $27.73 and its 200 day moving average is $27.66. iShares Silver Trust has a 12 month low of $20.07 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.