Equitable Trust Co. Decreases Position in iShares Silver Trust $SLV

Equitable Trust Co. lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 66.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,552 shares of the exchange traded fund’s stock after selling 13,200 shares during the period. Equitable Trust Co.’s holdings in iShares Silver Trust were worth $422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SLV. Brighton Jones LLC lifted its holdings in shares of iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 1,595 shares during the last quarter. Bison Wealth LLC acquired a new stake in iShares Silver Trust during the 4th quarter worth about $238,000. Capstone Wealth Management Group LLC acquired a new stake in iShares Silver Trust during the 1st quarter worth about $443,000. Schnieders Capital Management LLC. grew its position in iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares during the period. Finally, First Trust Advisors LP acquired a new stake in iShares Silver Trust during the 2nd quarter worth about $886,000.

iShares Silver Trust News Roundup

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iShares Silver Trust Stock Up 2.1%

SLV stock opened at $71.60 on Friday. The company’s 50-day simple moving average is $70.31 and its 200-day simple moving average is $65.45. iShares Silver Trust has a 52-week low of $29.09 and a 52-week high of $109.83. The firm has a market cap of $40.53 billion, a P/E ratio of -8.51 and a beta of 0.45.

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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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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