Hibernia Wealth Partners LLC Reduces Holdings in iShares Silver Trust $SLV

by · The Markets Daily

Hibernia Wealth Partners LLC lowered its position in iShares Silver Trust (NYSEARCA:SLVFree Report) by 49.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,423 shares of the exchange traded fund’s stock after selling 13,119 shares during the quarter. iShares Silver Trust accounts for approximately 0.4% of Hibernia Wealth Partners LLC’s holdings, making the stock its 20th biggest holding. Hibernia Wealth Partners LLC’s holdings in iShares Silver Trust were worth $718,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SLV. Axiom Investment Management LLC acquired a new stake in shares of iShares Silver Trust during the first quarter valued at about $26,000. West Branch Capital LLC acquired a new position in shares of iShares Silver Trust in the second quarter worth about $27,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of iShares Silver Trust in the fourth quarter worth about $30,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of iShares Silver Trust in the fourth quarter worth about $32,000. Finally, Redwood Park Advisors LLC boosted its holdings in iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter.

iShares Silver Trust Stock Down 1.5%

Shares of NYSEARCA SLV opened at $58.16 on Friday. iShares Silver Trust has a fifty-two week low of $33.85 and a fifty-two week high of $109.83. The business has a 50 day moving average price of $55.52 and a two-hundred day moving average price of $66.40. The firm has a market cap of $31.06 billion, a PE ratio of -8.51 and a beta of 0.50.

About iShares Silver Trust

(Free Report)

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

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