MinichMacGregor Wealth Management LLC Sells 335,898 Shares of iShares Silver Trust $SLV

MinichMacGregor Wealth Management LLC lowered its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 99.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,268 shares of the exchange traded fund’s stock after selling 335,898 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in iShares Silver Trust were worth $223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLV. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust in the fourth quarter worth about $30,000. Intesa Sanpaolo Wealth Management bought a new position in iShares Silver Trust during the fourth quarter worth about $32,000. Rialto Wealth Management LLC bought a new position in iShares Silver Trust during the fourth quarter worth about $33,000. Redwood Park Advisors LLC boosted its holdings in iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter. Finally, Sfam LLC acquired a new stake in iShares Silver Trust during the fourth quarter valued at approximately $33,000.

iShares Silver Trust Trading Down 7.1%

SLV stock opened at $51.78 on Thursday. iShares Silver Trust has a 1-year low of $32.49 and a 1-year high of $109.83. The firm has a market cap of $29.31 billion, a P/E ratio of -8.51 and a beta of 0.45. The business’s 50 day moving average is $67.07 and its 200-day moving average is $70.17.

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. 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.