Bravias Capital Group LLC Cuts Stock Holdings in iShares Silver Trust $SLV

Bravias Capital Group LLC lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 9.6% in the first quarter, HoldingsChannel reports. The fund owned 103,983 shares of the exchange traded fund’s stock after selling 11,063 shares during the period. iShares Silver Trust makes up about 4.6% of Bravias Capital Group LLC’s portfolio, making the stock its 6th largest holding. Bravias Capital Group LLC’s holdings in iShares Silver Trust were worth $7,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Hillcrest Wealth Advisors NY LLC bought a new position in shares of iShares Silver Trust in the first quarter valued at approximately $279,000. NBT Bank N A NY increased its stake in shares of iShares Silver Trust by 13.5% during the first quarter. NBT Bank N A NY now owns 1,810 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 215 shares during the period. Revisor Wealth Management LLC raised its holdings in iShares Silver Trust by 4.1% during the first quarter. Revisor Wealth Management LLC now owns 36,775 shares of the exchange traded fund’s stock worth $2,506,000 after purchasing an additional 1,432 shares in the last quarter. Hunter Associates Investment Management LLC bought a new stake in iShares Silver Trust during the first quarter worth approximately $675,000. Finally, Latitude Advisors LLC lifted its position in iShares Silver Trust by 27.7% in the first quarter. Latitude Advisors LLC now owns 5,008 shares of the exchange traded fund’s stock worth $341,000 after purchasing an additional 1,086 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $55.02 on Friday. The stock has a fifty day moving average price of $64.58 and a two-hundred day moving average price of $69.99. The firm has a market cap of $29.39 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 1 year low of $32.96 and a 1 year high of $109.83.

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. 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.