Miracle Mile Advisors LLC Sells 546 Shares of iShares Silver Trust (NYSEARCA:SLV)

Miracle Mile Advisors LLC reduced its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 4.7% during the third quarter, HoldingsChannel reports. The firm owned 11,036 shares of the exchange traded fund’s stock after selling 546 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares Silver Trust were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SLV. Lakeridge Wealth Management LLC purchased a new stake in iShares Silver Trust in the third quarter worth approximately $206,000. Ehrlich Financial Group boosted its stake in shares of iShares Silver Trust by 4.6% in the 3rd quarter. Ehrlich Financial Group now owns 33,184 shares of the exchange traded fund’s stock worth $943,000 after buying an additional 1,468 shares during the last quarter. Peoples Bank KS boosted its stake in shares of iShares Silver Trust by 334.5% in the 3rd quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 970 shares during the last quarter. HBW Advisory Services LLC grew its holdings in shares of iShares Silver Trust by 4.9% in the third quarter. HBW Advisory Services LLC now owns 15,707 shares of the exchange traded fund’s stock worth $446,000 after acquiring an additional 728 shares during the period. Finally, Park Avenue Securities LLC increased its position in iShares Silver Trust by 30.3% during the third quarter. Park Avenue Securities LLC now owns 41,589 shares of the exchange traded fund’s stock valued at $1,182,000 after acquiring an additional 9,680 shares during the last quarter.

iShares Silver Trust Stock Performance

SLV stock opened at $27.86 on Thursday. The company has a market cap of $13.07 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The business’s 50-day moving average is $26.98 and its two-hundred day moving average is $26.57. iShares Silver Trust has a fifty-two week low of $19.88 and a fifty-two week 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.