Intellectus Partners LLC decreased its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 7.5% in the 3rd quarter, Holdings Channel reports. The firm owned 64,156 shares of the exchange traded fund’s stock after selling 5,200 shares during the quarter. Intellectus Partners LLC’s holdings in iShares Silver Trust were worth $1,823,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaMark Advisors LLC lifted its stake in shares of iShares Silver Trust by 57.2% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 372 shares during the period. Spartan Fund Management Inc. acquired a new position in iShares Silver Trust in the third quarter valued at approximately $28,000. Triad Wealth Partners LLC bought a new position in shares of iShares Silver Trust during the 2nd quarter worth approximately $29,000. Jamison Private Wealth Management Inc. acquired a new stake in shares of iShares Silver Trust during the 3rd quarter worth approximately $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of iShares Silver Trust in the 2nd quarter valued at $32,000.
iShares Silver Trust Stock Up 0.7 %
iShares Silver Trust stock opened at $27.81 on Friday. The company has a market capitalization of $13.05 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12-month low of $20.07 and a 12-month high of $31.80. The firm’s fifty day moving average is $28.78 and its 200 day moving average is $27.42.
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.
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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
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