Kingswood Wealth Advisors LLC Has $1.07 Million Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Kingswood Wealth Advisors LLC grew its holdings in iShares Silver Trust (NYSEARCA:SLV) by 24.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,297 shares of the exchange traded fund’s stock after acquiring an additional 7,992 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $1,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Trust Co. of Vermont raised its stake in iShares Silver Trust by 58.1% in the 2nd quarter. Trust Co. of Vermont now owns 16,480 shares of the exchange traded fund’s stock worth $438,000 after purchasing an additional 6,055 shares in the last quarter. HBW Advisory Services LLC bought a new stake in iShares Silver Trust during the second quarter worth $398,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of iShares Silver Trust during the 2nd quarter worth $252,000. Transcend Capital Advisors LLC acquired a new stake in iShares Silver Trust in the second quarter valued at about $624,000. Finally, Keynote Financial Services LLC bought a new position in iShares Silver Trust in the first quarter valued at about $351,000.

iShares Silver Trust Stock Down 1.3 %

Shares of SLV stock traded down $0.31 on Wednesday, reaching $24.33. The company had a trading volume of 12,601,857 shares, compared to its average volume of 23,403,014. The business’s 50-day moving average is $27.06 and its 200 day moving average is $24.74. iShares Silver Trust has a one year low of $18.97 and a one year high of $29.56. The stock has a market capitalization of $11.42 billion, a PE ratio of -7.01 and a beta of 0.43.

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.