Intellectus Partners LLC Cuts Stock Position in iShares Silver Trust $SLV

Intellectus Partners LLC lowered its position in iShares Silver Trust (NYSEARCA:SLV) by 35.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,785 shares of the exchange traded fund’s stock after selling 17,950 shares during the period. Intellectus Partners LLC’s holdings in iShares Silver Trust were worth $2,112,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $30,000. Rialto Wealth Management LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $33,000. BOK Financial Private Wealth Inc. purchased a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $34,000. Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of iShares Silver Trust by 274.2% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 425 shares during the last quarter. Finally, Bangor Savings Bank purchased a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $38,000.

iShares Silver Trust Stock Down 2.6%

Shares of iShares Silver Trust stock opened at $66.21 on Thursday. The firm’s 50 day moving average price is $68.81 and its 200-day moving average price is $68.93. iShares Silver Trust has a 52-week low of $31.23 and a 52-week high of $109.83. The company has a market cap of $37.47 billion, a P/E 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.