iShares Silver Trust (NYSEARCA:SLV) Position Reduced by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in iShares Silver Trust (NYSEARCA:SLV) by 15.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 90,270 shares of the exchange traded fund’s stock after selling 15,914 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares Silver Trust were worth $2,398,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. NWI Management LP boosted its stake in iShares Silver Trust by 10,526.6% in the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock worth $120,878,000 after purchasing an additional 5,263,305 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of iShares Silver Trust by 16.2% in the second quarter. Commonwealth Equity Services LLC now owns 1,845,780 shares of the exchange traded fund’s stock worth $49,042,000 after buying an additional 257,022 shares during the period. Meitav Investment House Ltd. purchased a new position in shares of iShares Silver Trust during the second quarter valued at $45,688,000. SG Americas Securities LLC raised its position in iShares Silver Trust by 32.3% during the first quarter. SG Americas Securities LLC now owns 1,574,171 shares of the exchange traded fund’s stock valued at $35,812,000 after buying an additional 384,056 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in iShares Silver Trust by 17.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,352,014 shares of the exchange traded fund’s stock worth $35,923,000 after acquiring an additional 204,606 shares in the last quarter.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $28.58 on Wednesday. The stock has a market cap of $13.41 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a fifty-two week low of $18.97 and a fifty-two week high of $29.56. The stock’s 50-day moving average is $26.64 and its two-hundred day moving average is $26.35.

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.