Arete Wealth Advisors LLC Sells 41,251 Shares of iShares Silver Trust (NYSEARCA:SLV)

Arete Wealth Advisors LLC lessened its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 41.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,482 shares of the exchange traded fund’s stock after selling 41,251 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $1,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SLV. AlphaMark Advisors LLC raised its position in shares of iShares Silver Trust by 57.2% in the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 372 shares in the last quarter. Spartan Fund Management Inc. bought a new position in iShares Silver Trust in the third quarter valued at approximately $28,000. Triad Wealth Partners LLC acquired a new position in iShares Silver Trust during the second quarter valued at approximately $29,000. Jamison Private Wealth Management Inc. bought a new stake in iShares Silver Trust during the third quarter worth $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of iShares Silver Trust in the 2nd quarter valued at $32,000.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $29.04 on Thursday. iShares Silver Trust has a 52 week low of $20.07 and a 52 week high of $31.80. The stock has a market capitalization of $13.63 billion, a P/E ratio of -7.01 and a beta of 0.43. The stock has a fifty day moving average of $28.91 and a 200-day moving average of $27.69.

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.