Bleakley Financial Group LLC Decreases Stock Holdings in iShares Silver Trust $SLV

Bleakley Financial Group LLC lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 53.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 460,613 shares of the exchange traded fund’s stock after selling 520,423 shares during the period. Bleakley Financial Group LLC’s holdings in iShares Silver Trust were worth $31,386,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Tableaux LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth about $133,233,000. Bank of Montreal Can increased its holdings in shares of iShares Silver Trust by 505.8% in the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after acquiring an additional 1,852,688 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of iShares Silver Trust by 259.9% in the 4th quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock valued at $90,188,000 after acquiring an additional 1,011,000 shares during the last quarter. Mainstay Capital Management LLC ADV raised its position in shares of iShares Silver Trust by 478.6% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock worth $42,365,000 after acquiring an additional 827,089 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of iShares Silver Trust by 480.3% during the 4th quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock worth $47,936,000 after acquiring an additional 615,902 shares in the last quarter.

iShares Silver Trust Stock Down 3.3%

SLV stock opened at $52.16 on Tuesday. The business has a 50 day moving average price of $62.99 and a 200 day moving average price of $69.78. The stock has a market cap of $27.86 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a fifty-two week low of $33.10 and a fifty-two week high of $109.83.

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.