Granite Bay Wealth Management LLC reduced its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 19.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 115,409 shares of the exchange traded fund’s stock after selling 28,309 shares during the period. iShares Silver Trust accounts for about 1.7% of Granite Bay Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Granite Bay Wealth Management LLC’s holdings in iShares Silver Trust were worth $7,857,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in SLV. Tableaux LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at $133,233,000. Bank of Montreal Can increased 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 purchasing an additional 1,852,688 shares during the last quarter. Teacher Retirement System of Texas increased 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 purchasing an additional 1,011,000 shares during the last quarter. Quadrature Capital Ltd raised its stake in shares of iShares Silver Trust by 1,691.5% in 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 in the last quarter. Finally, Mainstay Capital Management LLC ADV lifted its position in shares of iShares Silver Trust by 478.6% during the third quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock worth $42,365,000 after purchasing an additional 827,089 shares during the last quarter.
iShares Silver Trust Stock Performance
NYSEARCA:SLV opened at $53.95 on Friday. The company has a market capitalization of $28.81 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a one year low of $33.10 and a one year high of $109.83. The stock has a 50-day simple moving average of $63.28 and a 200 day simple moving average of $69.82.
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.
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