Private Trust Co. NA lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 43.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,721 shares of the exchange traded fund’s stock after selling 6,591 shares during the quarter. Private Trust Co. NA’s holdings in iShares Silver Trust were worth $248,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC raised its stake in iShares Silver Trust by 9.1% in the first quarter. Lazard Asset Management LLC now owns 17,084 shares of the exchange traded fund’s stock valued at $388,000 after purchasing an additional 1,430 shares in the last quarter. Tidal Investments LLC raised its stake in iShares Silver Trust by 7.0% in the first quarter. Tidal Investments LLC now owns 16,905 shares of the exchange traded fund’s stock valued at $381,000 after purchasing an additional 1,110 shares in the last quarter. Cetera Investment Advisers raised its stake in iShares Silver Trust by 842.7% in the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock valued at $18,581,000 after purchasing an additional 730,121 shares in the last quarter. Cetera Advisors LLC raised its stake in iShares Silver Trust by 12.9% in the first quarter. Cetera Advisors LLC now owns 103,554 shares of the exchange traded fund’s stock valued at $2,356,000 after purchasing an additional 11,852 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in iShares Silver Trust by 5.7% in the first quarter. Cetera Advisor Networks LLC now owns 646,741 shares of the exchange traded fund’s stock valued at $14,713,000 after purchasing an additional 34,721 shares in the last quarter.
iShares Silver Trust Stock Down 1.3 %
SLV stock opened at $27.45 on Friday. The company has a market cap of $12.88 billion, a PE ratio of -7.01 and a beta of 0.43. The business has a 50-day simple moving average of $28.98 and a 200 day simple moving average of $27.64. iShares Silver Trust has a 52 week low of $20.07 and a 52 week high of $31.80.
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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