Leavell Investment Management Inc. Has $2.76 Million Stock Holdings in iShares Silver Trust $SLV

Leavell Investment Management Inc. trimmed its stake in iShares Silver Trust (NYSEARCA:SLV) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,078 shares of the exchange traded fund’s stock after selling 1,024 shares during the quarter. Leavell Investment Management Inc.’s holdings in iShares Silver Trust were worth $2,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Silver Trust in the second quarter valued at $162,217,000. Ameriprise Financial Inc. lifted its stake in iShares Silver Trust by 127.3% in the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after acquiring an additional 1,460,084 shares during the last quarter. LPL Financial LLC lifted its stake in iShares Silver Trust by 13.4% in the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after acquiring an additional 924,353 shares during the last quarter. GLOBALT Investments LLC GA bought a new position in shares of iShares Silver Trust in the 2nd quarter valued at about $29,459,000. Finally, Carrhae Capital LLP acquired a new position in shares of iShares Silver Trust during the 1st quarter worth about $17,880,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $43.99 on Friday. iShares Silver Trust has a 52-week low of $26.19 and a 52-week high of $49.25. The stock has a market cap of $24.43 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. The firm’s 50-day moving average is $40.31 and its 200-day moving average is $34.91.

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.