Wealthfront Advisers LLC Sells 99,677 Shares of iShares Silver Trust (NYSEARCA:SLV)

Wealthfront Advisers LLC decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 74.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 33,396 shares of the exchange traded fund’s stock after selling 99,677 shares during the quarter. Wealthfront Advisers LLC’s holdings in iShares Silver Trust were worth $879,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in iShares Silver Trust by 29.8% in the fourth quarter. Bank of New York Mellon Corp now owns 760,146 shares of the exchange traded fund’s stock worth $20,015,000 after purchasing an additional 174,501 shares during the last quarter. Fisher Asset Management LLC bought a new position in iShares Silver Trust during the 4th quarter valued at about $220,000. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in iShares Silver Trust by 55.8% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 16,163 shares of the exchange traded fund’s stock worth $426,000 after purchasing an additional 5,790 shares during the period. Savant Capital LLC lifted its stake in iShares Silver Trust by 26.8% in the fourth quarter. Savant Capital LLC now owns 13,245 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 2,803 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of iShares Silver Trust by 671.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 1,115 shares during the period.

iShares Silver Trust Stock Performance

SLV opened at $30.71 on Friday. iShares Silver Trust has a one year low of $22.29 and a one year high of $31.80. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of -8.87 and a beta of 0.73. The stock’s 50 day moving average price is $28.73 and its 200-day moving average price is $28.35.

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.