Resolute Wealth Strategies LLC Has $1.06 Million Stock Position in iShares Silver Trust $SLV

Resolute Wealth Strategies LLC reduced its holdings in iShares Silver Trust (NYSEARCA:SLV) by 40.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,585 shares of the exchange traded fund’s stock after selling 10,698 shares during the period. Resolute Wealth Strategies LLC’s holdings in iShares Silver Trust were worth $1,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. boosted its position in shares of iShares Silver Trust by 12.7% in the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares during the period. Ameriprise Financial Inc. increased its position in iShares Silver Trust by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after acquiring an additional 573,660 shares during the period. Bank of Montreal Can increased its position in iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after acquiring an additional 1,852,688 shares during the period. Tableaux LLC acquired a new position in iShares Silver Trust during the 4th quarter valued at $133,233,000. Finally, Mainstay Capital Management LLC ADV boosted its holdings in iShares Silver Trust by 82.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after purchasing an additional 824,589 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $50.78 on Monday. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. The company’s fifty day moving average is $61.51 and its two-hundred day moving average is $69.35. iShares Silver Trust has a 52-week low of $33.10 and a 52-week 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.