Meridian Wealth Management LLC Cuts Position in iShares Silver Trust $SLV

Meridian Wealth Management LLC lessened its holdings in iShares Silver Trust (NYSEARCA:SLV) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,558 shares of the exchange traded fund’s stock after selling 9,444 shares during the period. Meridian Wealth Management LLC’s holdings in iShares Silver Trust were worth $11,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nexus Investment Management ULC grew its position in iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new position in iShares Silver Trust during the third quarter valued at about $32,000. Rialto Wealth Management LLC bought a new position in iShares Silver Trust during the fourth quarter valued at about $33,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in iShares Silver Trust by 274.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 425 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in iShares Silver Trust during the third quarter valued at about $38,000.

iShares Silver Trust Stock Performance

SLV opened at $78.00 on Tuesday. The firm has a market cap of $44.15 billion, a P/E ratio of -8.51 and a beta of 0.45. The firm has a 50-day moving average of $70.12 and a 200 day moving average of $65.87. iShares Silver Trust has a fifty-two week low of $29.09 and a fifty-two week high of $109.83.

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.