HBW Advisory Services LLC Sells 990 Shares of iShares Silver Trust (NYSEARCA:SLV)

HBW Advisory Services LLC lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,717 shares of the exchange traded fund’s stock after selling 990 shares during the quarter. HBW Advisory Services LLC’s holdings in iShares Silver Trust were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SLV. Quadrature Capital Ltd bought a new position in shares of iShares Silver Trust during the 3rd quarter valued at about $91,122,000. Toronto Dominion Bank boosted its stake in iShares Silver Trust by 18.6% during the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock valued at $64,883,000 after buying an additional 358,806 shares during the last quarter. Bank of Montreal Can boosted its stake in iShares Silver Trust by 258.4% during the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock valued at $54,854,000 after buying an additional 1,370,298 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in iShares Silver Trust by 1.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,875,896 shares of the exchange traded fund’s stock worth $53,294,000 after acquiring an additional 30,116 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of iShares Silver Trust by 27.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,190,547 shares of the exchange traded fund’s stock worth $31,633,000 after acquiring an additional 259,988 shares in the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $27.61 on Friday. The stock has a 50 day moving average price of $27.83 and a 200-day moving average price of $27.63. iShares Silver Trust has a one year low of $20.07 and a one year high of $31.80. The company has a market capitalization of $12.96 billion, a P/E ratio of -7.01 and a beta of 0.43.

iShares Silver Trust Company 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.