Robinson Value Management Ltd. Sells 14,047 Shares of iShares Silver Trust $SLV

Robinson Value Management Ltd. lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 25.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 40,212 shares of the exchange traded fund’s stock after selling 14,047 shares during the quarter. Robinson Value Management Ltd.’s holdings in iShares Silver Trust were worth $2,740,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Tableaux LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at about $133,233,000. Bank of Montreal Can grew its position 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 worth $142,946,000 after buying an additional 1,852,688 shares during the last quarter. Teacher Retirement System of Texas grew its position 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 worth $90,188,000 after buying an additional 1,011,000 shares during the last quarter. Mainstay Capital Management LLC ADV raised its stake 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 stake 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 1.8%

NYSEARCA:SLV opened at $52.21 on Thursday. iShares Silver Trust has a 52 week low of $33.10 and a 52 week high of $109.83. The firm has a 50 day moving average of $62.38 and a 200 day moving average of $69.60. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

iShares Silver Trust 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.