Private Advisor Group LLC Decreases Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Private Advisor Group LLC reduced its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 305,269 shares of the exchange traded fund’s stock after selling 6,105 shares during the period. Private Advisor Group LLC’s holdings in iShares Silver Trust were worth $6,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLV. Bleakley Financial Group LLC boosted its stake in shares of iShares Silver Trust by 27.5% during the 4th quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after purchasing an additional 397,836 shares during the last quarter. Simplicity Solutions LLC grew its stake in iShares Silver Trust by 26.2% in the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after acquiring an additional 383,336 shares during the period. Commonwealth Equity Services LLC raised its holdings in iShares Silver Trust by 27.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,601,570 shares of the exchange traded fund’s stock valued at $34,882,000 after acquiring an additional 343,004 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of iShares Silver Trust by 11.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock worth $28,288,000 after purchasing an additional 132,729 shares during the period. Finally, Total Investment Management Inc. boosted its holdings in shares of iShares Silver Trust by 4.6% during the fourth quarter. Total Investment Management Inc. now owns 1,039,110 shares of the exchange traded fund’s stock worth $22,632,000 after purchasing an additional 46,130 shares during the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA SLV traded down $0.02 during trading hours on Wednesday, hitting $24.90. 1,448,372 shares of the company’s stock were exchanged, compared to its average volume of 24,015,889. The firm has a market capitalization of $11.69 billion, a P/E ratio of -7.01 and a beta of 0.43. The business’s 50 day moving average is $23.77 and its 200-day moving average is $22.17. iShares Silver Trust has a 12-month low of $18.97 and a 12-month high of $27.24.

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.