Zhang Financial LLC Has $245,000 Stock Holdings in iShares Silver Trust (NYSEARCA:SLV)

Zhang Financial LLC lessened its position in iShares Silver Trust (NYSEARCA:SLV) by 25.0% during the third quarter, Holdings Channel reports. The institutional investor owned 8,638 shares of the exchange traded fund’s stock after selling 2,881 shares during the quarter. Zhang Financial LLC’s holdings in iShares Silver Trust were worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SLV. NWI Management LP increased its position in shares of iShares Silver Trust by 10,526.6% during 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 last quarter. Meitav Investment House Ltd. acquired a new position in shares of iShares Silver Trust during the 2nd quarter worth approximately $45,688,000. Cetera Investment Advisers boosted its stake in shares of iShares Silver Trust by 842.7% during the 1st quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock worth $18,581,000 after acquiring an additional 730,121 shares during the period. RIA Advisory Group LLC boosted its stake in shares of iShares Silver Trust by 3,532.2% during the 1st quarter. RIA Advisory Group LLC now owns 737,854 shares of the exchange traded fund’s stock worth $16,786,000 after acquiring an additional 717,540 shares during the period. Finally, Caxton Associates LP bought a new position in shares of iShares Silver Trust during the 1st quarter worth approximately $10,506,000.

iShares Silver Trust Price Performance

SLV opened at $28.71 on Wednesday. The business has a fifty day simple moving average of $27.24 and a 200 day simple moving average of $26.77. The company has a market capitalization of $13.48 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 1 year low of $20.07 and a 1 year high of $30.07.

About iShares Silver Trust

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.