iShares Silver Trust $SLV Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its holdings in iShares Silver Trust (NYSEARCA:SLV) by 11.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,852 shares of the exchange traded fund’s stock after selling 18,464 shares during the period. D.A. Davidson & CO.’s holdings in iShares Silver Trust were worth $9,802,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sarver Vrooman Wealth Advisors acquired a new stake in iShares Silver Trust during the 4th quarter worth $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth approximately $32,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $33,000. Redwood Park Advisors LLC boosted its stake in shares of iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares in the last quarter. Finally, Sfam LLC acquired a new position in shares of iShares Silver Trust during the 4th quarter worth $33,000.

iShares Silver Trust Price Performance

SLV opened at $50.78 on Friday. The stock has a market cap of $27.12 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 1-year low of $33.10 and a 1-year high of $109.83. The stock’s 50 day simple moving average is $61.51 and its 200 day simple moving average is $69.32.

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.