Koshinski Asset Management Inc. Sells 9,270 Shares of iShares Silver Trust $SLV

Koshinski Asset Management Inc. lessened its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 23.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,001 shares of the exchange traded fund’s stock after selling 9,270 shares during the period. Koshinski Asset Management Inc.’s holdings in iShares Silver Trust were worth $1,933,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLV. Vantage Financial Partners LLC bought a new position in iShares Silver Trust during the 3rd quarter valued at approximately $489,000. Wealth Enhancement Advisory Services LLC raised its position in iShares Silver Trust by 14.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after purchasing an additional 30,915 shares during the last quarter. D.B. Root & Company LLC bought a new position in shares of iShares Silver Trust in the 3rd quarter worth approximately $370,000. Envestnet Asset Management Inc. raised its position in shares of iShares Silver Trust by 20.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after acquiring an additional 273,913 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC bought a new position in shares of iShares Silver Trust in the 3rd quarter worth approximately $235,000.

Key iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $73.01 on Friday. iShares Silver Trust has a 52-week low of $29.09 and a 52-week high of $109.83. The firm has a market capitalization of $41.32 billion, a P/E ratio of -8.51 and a beta of 0.45. The stock has a 50 day moving average price of $70.31 and a 200-day moving average price of $65.45.

About iShares Silver Trust

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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