Kestra Private Wealth Services LLC decreased its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 12.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 79,386 shares of the exchange traded fund’s stock after selling 11,712 shares during the period. Kestra Private Wealth Services LLC’s holdings in iShares Silver Trust were worth $5,409,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of SLV. Tableaux LLC bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $133,233,000. Bank of Montreal Can increased its position in shares of iShares Silver Trust by 505.8% during 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 purchasing an additional 1,852,688 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in iShares Silver Trust by 259.9% during 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 purchasing an additional 1,011,000 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in iShares Silver Trust by 1,691.5% during the 3rd quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock valued at $40,681,000 after purchasing an additional 906,747 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its position in iShares Silver Trust by 478.6% in the third quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock valued at $42,365,000 after buying an additional 827,089 shares in the last quarter.
iShares Silver Trust Trading Up 1.8%
Shares of iShares Silver Trust stock opened at $53.28 on Friday. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The firm’s 50-day moving average price is $66.30 and its two-hundred day moving average price is $70.04. iShares Silver Trust has a 1-year low of $32.53 and a 1-year high of $109.83.
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.
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