24,213 iShares Silver Trust $SLV Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 82.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,276 shares of the exchange traded fund’s stock after selling 24,213 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in iShares Silver Trust were worth $288,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Axiom Investment Management LLC acquired a new stake in shares of iShares Silver Trust during the first quarter valued at about $26,000. Horizons Wealth Management acquired a new position in shares of iShares Silver Trust in the third quarter worth 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. Bullseye Investment Management LLC acquired a new position in shares of iShares Silver Trust in the second quarter worth about $27,000. Finally, Cape Investment Advisory Inc. purchased a new position in iShares Silver Trust in the second quarter valued at about $38,000.

iShares Silver Trust Trading Down 5.9%

NYSEARCA SLV traded down $3.17 during trading hours on Wednesday, reaching $50.32. 24,000,100 shares of the company traded hands, compared to its average volume of 44,913,457. The stock has a market capitalization of $27.08 billion, a PE ratio of -8.51 and a beta of 0.51. iShares Silver Trust has a 12 month low of $41.70 and a 12 month high of $109.83. The company has a 50 day moving average of $58.12 and a two-hundred day moving average of $60.97.

iShares Silver Trust Company Profile

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.