VestGen Advisors LLC lessened its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 31.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,392 shares of the exchange traded fund’s stock after selling 14,791 shares during the period. VestGen Advisors LLC’s holdings in iShares Silver Trust were worth $1,766,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in SLV. HighTower Advisors LLC lifted its holdings in shares of iShares Silver Trust by 7.5% during the 2nd quarter. HighTower Advisors LLC now owns 1,165,149 shares of the exchange traded fund’s stock valued at $62,300,000 after buying an additional 81,257 shares during the period. NewEdge Advisors LLC increased its position in iShares Silver Trust by 1.3% during the second quarter. NewEdge Advisors LLC now owns 467,435 shares of the exchange traded fund’s stock valued at $24,994,000 after acquiring an additional 6,163 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in iShares Silver Trust by 17.9% in the first quarter. Wealthfront Advisers LLC now owns 375,833 shares of the exchange traded fund’s stock valued at $25,609,000 after acquiring an additional 57,070 shares during the period. New Harbor Financial Group LLC lifted its holdings in iShares Silver Trust by 5.1% in the third quarter. New Harbor Financial Group LLC now owns 373,453 shares of the exchange traded fund’s stock valued at $20,357,000 after acquiring an additional 18,239 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares Silver Trust by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 361,349 shares of the exchange traded fund’s stock valued at $24,622,000 after acquiring an additional 13,741 shares during the period.
iShares Silver Trust Stock Performance
Shares of NYSEARCA:SLV opened at $44.60 on Friday. The stock has a market capitalization of $24.00 billion, a price-to-earnings ratio of -8.51 and a beta of 0.51. The stock’s 50-day simple moving average is $55.82 and its two-hundred day simple moving average is $64.38. iShares Silver Trust has a 52-week low of $42.51 and a 52-week high of $109.83.
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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