NWF Advisory Services Inc. Cuts Position in iShares Silver Trust $SLV

NWF Advisory Services Inc. decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 50.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,783 shares of the exchange traded fund’s stock after selling 40,553 shares during the quarter. NWF Advisory Services Inc.’s holdings in iShares Silver Trust were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Sarver Vrooman Wealth Advisors bought a new stake in iShares Silver Trust in the fourth quarter worth $30,000. Intesa Sanpaolo Wealth Management bought a new position in iShares Silver Trust during the fourth quarter valued at $32,000. Rialto Wealth Management LLC bought a new position in iShares Silver Trust during the fourth quarter valued at $33,000. Redwood Park Advisors LLC grew its stake in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 266 shares in the last quarter. Finally, Sfam LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter worth $33,000.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $59.51 on Friday. The company’s 50-day moving average price is $67.85 and its 200-day moving average price is $69.98. iShares Silver Trust has a twelve month low of $32.06 and a twelve month high of $109.83. The company has a market cap of $33.68 billion, a PE ratio of -8.51 and a beta of 0.45.

iShares Silver Trust 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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.