AlTi Global Inc. Sells 137,573 Shares of iShares Silver Trust $SLV

AlTi Global Inc. lowered its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 64.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 76,606 shares of the exchange traded fund’s stock after selling 137,573 shares during the period. AlTi Global Inc.’s holdings in iShares Silver Trust were worth $5,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in shares of iShares Silver Trust during the first quarter valued at $2,762,000. Ameliora Wealth Management Ltd. grew its stake in shares of 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 worth $5,583,000 after purchasing an additional 11,563 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in iShares Silver Trust by 33.1% in 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 period. Finer Wealth Management Inc. acquired a new stake in iShares Silver Trust in the fourth quarter valued at $709,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in iShares Silver Trust by 47.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock worth $1,869,000 after purchasing an additional 9,384 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV opened at $50.78 on Monday. The stock’s 50-day moving average price is $61.51 and its two-hundred day moving average price is $69.35. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83. The company has a market capitalization of $27.12 billion, a PE 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.