Trek Financial LLC Sells 313,347 Shares of iShares Silver Trust $SLV

Trek Financial LLC reduced its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 52.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 289,463 shares of the exchange traded fund’s stock after selling 313,347 shares during the period. Trek Financial LLC’s holdings in iShares Silver Trust were worth $12,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of iShares Silver Trust during the third quarter worth about $832,000. Benjamin Edwards Inc. raised its stake in shares of iShares Silver Trust by 298.4% during the third quarter. Benjamin Edwards Inc. now owns 50,197 shares of the exchange traded fund’s stock valued at $2,127,000 after acquiring an additional 37,598 shares during the last quarter. Continuum Advisory LLC acquired a new stake in iShares Silver Trust in the third quarter valued at $524,000. Eagle Strategies LLC raised its position in iShares Silver Trust by 728.4% during the 3rd quarter. Eagle Strategies LLC now owns 88,818 shares of the exchange traded fund’s stock worth $3,763,000 after purchasing an additional 78,097 shares during the last quarter. Finally, Florida Trust Wealth Management Co bought a new stake in shares of iShares Silver Trust in the 3rd quarter valued at about $260,000.

Key Stories Impacting iShares Silver Trust

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iShares Silver Trust Stock Up 6.6%

iShares Silver Trust stock traded up $5.78 during mid-day trading on Friday, hitting $92.91. 141,799,242 shares of the stock were exchanged, compared to its average volume of 115,661,336. The firm’s fifty day simple moving average is $63.15 and its two-hundred day simple moving average is $47.50. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $92.98. The stock has a market capitalization of $53.45 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

About iShares Silver Trust

(Free Report)

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.

See Also

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:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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