Wilmar Advisors LLC trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 41.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,000 shares of the exchange traded fund’s stock after selling 25,000 shares during the quarter. iShares Silver Trust accounts for 1.8% of Wilmar Advisors LLC’s portfolio, making the stock its 11th biggest position. Wilmar Advisors LLC’s holdings in iShares Silver Trust were worth $2,255,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of SLV. Bank of Montreal Can increased its stake in iShares Silver Trust by 505.8% in the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after purchasing an additional 1,852,688 shares in the last quarter. Teacher Retirement System of Texas increased its stake in iShares Silver Trust by 259.9% in the fourth 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 in the last quarter. Quadrature Capital Ltd increased its stake in iShares Silver Trust by 1,691.5% in the third 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. Mainstay Capital Management LLC ADV increased its stake 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 purchasing an additional 827,089 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in iShares Silver Trust by 480.3% in the fourth quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock valued at $47,936,000 after purchasing an additional 615,902 shares in the last quarter.
iShares Silver Trust Stock Performance
Shares of NYSEARCA:SLV opened at $61.29 on Monday. iShares Silver Trust has a 52 week low of $32.06 and a 52 week high of $109.83. The company has a market capitalization of $34.69 billion, a PE ratio of -8.51 and a beta of 0.45. The company has a 50 day moving average price of $68.35 and a two-hundred day moving average price of $69.69.
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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