Mutual Advisors LLC reduced its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 25.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,395 shares of the exchange traded fund’s stock after selling 37,642 shares during the period. Mutual Advisors LLC’s holdings in iShares Silver Trust were worth $3,327,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaMark Advisors LLC lifted its stake in iShares Silver Trust by 57.2% during the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 372 shares during the period. Spartan Fund Management Inc. bought a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $28,000. Triad Wealth Partners LLC acquired a new stake in iShares Silver Trust in the 2nd quarter valued at $29,000. Jamison Private Wealth Management Inc. bought a new stake in iShares Silver Trust in the third quarter valued at $31,000. Finally, Strategic Financial Concepts LLC acquired a new position in iShares Silver Trust during the second quarter worth $32,000.
iShares Silver Trust Stock Performance
Shares of NYSEARCA:SLV opened at $30.80 on Thursday. The company’s fifty day moving average is $28.29 and its 200-day moving average is $27.19. iShares Silver Trust has a 52 week low of $20.07 and a 52 week high of $31.80. The company has a market capitalization of $14.46 billion, a PE ratio of -7.01 and a beta of 0.43.
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.
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