LifeWealth Investments LLC Decreases Stock Holdings in iShares Silver Trust $SLV

LifeWealth Investments LLC reduced its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 69.6% during the first quarter, HoldingsChannel.com reports. The fund owned 23,520 shares of the exchange traded fund’s stock after selling 53,792 shares during the quarter. LifeWealth Investments LLC’s holdings in iShares Silver Trust were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TBH Global Asset Management LLC grew its position in iShares Silver Trust by 1.5% during the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after buying an additional 104 shares during the period. Westside Investment Management Inc. raised its position in iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 130 shares during the period. JNBA Financial Advisors boosted its stake in iShares Silver Trust by 1.2% in the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after acquiring an additional 132 shares during the last quarter. SouthState Bank Corp boosted its stake in iShares Silver Trust by 29.6% in the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 148 shares during the last quarter. Finally, Swisher Financial Concepts Inc. grew its position in shares of iShares Silver Trust by 0.8% during the 1st quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after acquiring an additional 148 shares during the period.

iShares Silver Trust Stock Up 1.1%

Shares of SLV stock opened at $52.36 on Friday. The firm has a market cap of $29.64 billion, a P/E ratio of -8.51 and a beta of 0.45. The company has a 50 day moving average of $66.67 and a 200-day moving average of $70.16. iShares Silver Trust has a 12-month low of $32.53 and a 12-month high of $109.83.

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.