iShares Silver Trust $SLV Position Reduced by Stephens Inc. AR

Stephens Inc. AR reduced its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 21.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,161 shares of the exchange traded fund’s stock after selling 34,474 shares during the period. Stephens Inc. AR’s holdings in iShares Silver Trust were worth $8,866,000 at the end of the most recent quarter.

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

iShares Silver Trust Price Performance

Shares of SLV stock traded down $1.04 on Tuesday, hitting $55.07. 4,532,751 shares of the stock traded hands, compared to its average volume of 60,910,965. The company’s fifty day moving average is $64.34 and its 200 day moving average is $70.06. iShares Silver Trust has a 1-year low of $32.96 and a 1-year high of $109.83. The company has a market capitalization of $29.41 billion, a PE ratio of -8.51 and a beta of 0.49.

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. 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.