Prime Capital Investment Advisors LLC Decreases Stake in iShares Silver Trust (NYSEARCA:SLV)

Prime Capital Investment Advisors LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 4.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,406 shares of the exchange traded fund’s stock after selling 1,100 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares Silver Trust were worth $722,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Spartan Fund Management Inc. purchased a new stake in iShares Silver Trust during the 3rd quarter valued at $28,000. AlphaMark Advisors LLC boosted its holdings in shares of iShares Silver Trust by 57.2% during the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 372 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of iShares Silver Trust during the second quarter worth about $29,000. Jamison Private Wealth Management Inc. purchased a new position in iShares Silver Trust during the 3rd quarter valued at about $31,000. Finally, Peoples Bank KS raised its position in iShares Silver Trust by 334.5% during the 3rd quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 970 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $27.57 on Friday. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $31.80. The firm has a market cap of $12.94 billion, a P/E ratio of -7.01 and a beta of 0.43. The business’s 50 day moving average price is $28.82 and its 200-day moving average price is $27.44.

iShares Silver Trust Company 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.