iShares Silver Trust $SLV Shares Sold by AGP Franklin LLC

AGP Franklin LLC trimmed its position in iShares Silver Trust (NYSEARCA:SLV) by 34.8% in the first quarter, Holdings Channel reports. The firm owned 95,407 shares of the exchange traded fund’s stock after selling 50,947 shares during the quarter. iShares Silver Trust accounts for 3.2% of AGP Franklin LLC’s holdings, making the stock its 6th biggest holding. AGP Franklin LLC’s holdings in iShares Silver Trust were worth $6,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in iShares Silver Trust during the first quarter worth about $2,762,000. Ameliora Wealth Management Ltd. boosted its stake in iShares Silver Trust by 15.4% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock valued at $5,583,000 after acquiring an additional 11,563 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in shares of iShares Silver Trust by 33.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after purchasing an additional 9,391 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of iShares Silver Trust by 47.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock valued at $1,869,000 after purchasing an additional 9,384 shares during the last quarter. Finally, Clare Market Investments LLC raised its position in shares of iShares Silver Trust by 24.4% during the 3rd quarter. Clare Market Investments LLC now owns 48,610 shares of the exchange traded fund’s stock worth $2,060,000 after purchasing an additional 9,525 shares during the period.

iShares Silver Trust Trading Down 1.0%

Shares of iShares Silver Trust stock opened at $58.91 on Tuesday. The stock has a market capitalization of $33.34 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a twelve month low of $32.06 and a twelve month high of $109.83. The business’s 50 day simple moving average is $67.66 and its 200-day simple moving average is $70.15.

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.