Crescent Grove Advisors LLC Sells 40,846 Shares of iShares Silver Trust $SLV

Crescent Grove Advisors LLC lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 65.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,877 shares of the exchange traded fund’s stock after selling 40,846 shares during the period. Crescent Grove Advisors LLC’s holdings in iShares Silver Trust were worth $1,491,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tableaux LLC purchased a new position in shares of iShares Silver Trust during the 4th quarter valued at $133,233,000. Bank of Montreal Can increased its holdings in shares of 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 worth $142,946,000 after purchasing an additional 1,852,688 shares during the period. Teacher Retirement System of Texas raised its position in shares of 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 worth $90,188,000 after buying an additional 1,011,000 shares in the last quarter. Mainstay Capital Management LLC ADV raised its position in shares of iShares Silver Trust by 82.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after buying an additional 824,589 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in iShares Silver Trust by 480.3% during the fourth quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock valued at $47,936,000 after buying an additional 615,902 shares during the period.

iShares Silver Trust Stock Up 0.8%

iShares Silver Trust stock opened at $50.78 on Friday. iShares Silver Trust has a 52 week low of $33.10 and a 52 week high of $109.83. The business has a 50-day simple moving average of $61.51 and a 200 day simple moving average of $69.32. The stock has a market cap of $27.12 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

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.