Ion Asset Management Ltd. Decreases Position in iShares Silver Trust $SLV

Ion Asset Management Ltd. lowered its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 14.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 952,175 shares of the exchange traded fund’s stock after selling 167,225 shares during the period. iShares Silver Trust comprises about 4.4% of Ion Asset Management Ltd.’s holdings, making the stock its 6th biggest position. Ion Asset Management Ltd.’s holdings in iShares Silver Trust were worth $40,344,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of SLV. Nexus Investment Management ULC grew its position in iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 250 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of iShares Silver Trust in the third quarter worth about $32,000. Hopwood Financial Services Inc. acquired a new stake in shares of iShares Silver Trust in the 3rd quarter valued at approximately $38,000. Darwin Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the 2nd quarter valued at approximately $39,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of iShares Silver Trust during the 2nd quarter valued at approximately $47,000.

iShares Silver Trust Price Performance

SLV stock opened at $72.69 on Monday. The stock has a market cap of $40.02 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The company has a 50 day simple moving average of $78.65 and a 200 day simple moving average of $58.49. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83.

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.