Advisor Group Inc. trimmed its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 23.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,674 shares of the exchange traded fund’s stock after selling 64,289 shares during the quarter. Advisor Group Inc. owned 0.06% of iShares Silver Trust worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLV. IFG Advisory LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter worth $210,000. Tower Research Capital LLC TRC increased its stake in shares of iShares Silver Trust by 277.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,415 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 4,715 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of iShares Silver Trust in the 3rd quarter worth $133,000. Sowell Financial Services LLC purchased a new stake in shares of iShares Silver Trust in the 3rd quarter worth $166,000. Finally, Allen Capital Group LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter worth $167,000.
Shares of iShares Silver Trust (NYSEARCA:SLV) opened at $15.61 on Wednesday. The company has a market capitalization of $5,270.00 and a price-to-earnings ratio of -6.56. iShares Silver Trust has a 12 month low of $14.44 and a 12 month high of $17.59.
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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.
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