Strategic Investment Solutions Inc. IL Reduces Stock Holdings in iShares Silver Trust $SLV

Strategic Investment Solutions Inc. IL cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 21.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 85,327 shares of the exchange traded fund’s stock after selling 22,999 shares during the period. iShares Silver Trust makes up approximately 1.0% of Strategic Investment Solutions Inc. IL’s holdings, making the stock its 23rd largest holding. Strategic Investment Solutions Inc. IL’s holdings in iShares Silver Trust were worth $4,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. raised its stake in shares of iShares Silver Trust by 12.7% during the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after purchasing an additional 313,816 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after purchasing an additional 573,660 shares during the period. Bank of Montreal Can boosted its stake in shares of iShares Silver Trust by 505.8% in the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after purchasing an additional 1,852,688 shares during the period. Tableaux LLC purchased a new position in shares of iShares Silver Trust in the fourth quarter valued at $133,233,000. Finally, Mainstay Capital Management LLC ADV grew its holdings in iShares Silver Trust by 82.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after purchasing an additional 824,589 shares in the last quarter.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $57.50 on Friday. iShares Silver Trust has a 12-month low of $33.85 and a 12-month high of $109.83. The company has a market capitalization of $30.71 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. The firm’s fifty day moving average price is $56.20 and its 200 day moving average price is $67.30.

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.