Fifth Third Securities Inc. Has $3.39 Million Stake in iShares Silver Trust (NYSEARCA:SLV)

Fifth Third Securities Inc. trimmed its stake in iShares Silver Trust (NYSEARCA:SLV) by 23.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,759 shares of the exchange traded fund’s stock after selling 40,417 shares during the period. Fifth Third Securities Inc.’s holdings in iShares Silver Trust were worth $3,390,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Ironwood Wealth Management LLC. bought a new stake in shares of iShares Silver Trust during the second quarter valued at approximately $202,000. Thrivent Financial for Lutherans boosted its stake in iShares Silver Trust by 28.2% in the second quarter. Thrivent Financial for Lutherans now owns 71,654 shares of the exchange traded fund’s stock worth $1,904,000 after purchasing an additional 15,750 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares Silver Trust by 14.5% during the second quarter. Cetera Investment Advisers now owns 935,476 shares of the exchange traded fund’s stock valued at $24,856,000 after acquiring an additional 118,715 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of iShares Silver Trust during the second quarter valued at $1,660,000. Finally, Alternative Investment Advisors LLC. acquired a new position in shares of iShares Silver Trust during the second quarter valued at $244,000.

iShares Silver Trust Trading Up 2.6 %

NYSEARCA SLV opened at $28.72 on Friday. The stock has a 50-day simple moving average of $27.62 and a 200 day simple moving average of $27.66. The company has a market capitalization of $13.48 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12 month low of $20.11 and a 12 month 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.