Merit Financial Group LLC trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 11.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,043 shares of the exchange traded fund’s stock after selling 2,780 shares during the period. Merit Financial Group LLC’s holdings in iShares Silver Trust were worth $488,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Resurgent Financial Advisors LLC bought a new stake in iShares Silver Trust in the fourth quarter worth about $26,000. Covestor Ltd bought a new stake in shares of iShares Silver Trust in the 1st quarter worth approximately $28,000. Armstrong Advisory Group Inc. purchased a new position in iShares Silver Trust in the fourth quarter valued at approximately $28,000. GoalVest Advisory LLC bought a new position in iShares Silver Trust during the first quarter valued at $29,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in iShares Silver Trust in the fourth quarter worth $29,000.
iShares Silver Trust Stock Up 1.7 %
Shares of NYSEARCA SLV opened at $21.18 on Friday. The business’s fifty day moving average price is $21.79 and its 200-day moving average price is $21.50. iShares Silver Trust has a one year low of $16.19 and a one year high of $23.94.
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.
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