Cypress Capital Group Lowers Stock Holdings in iShares Silver Trust $SLV

Cypress Capital Group reduced its position in iShares Silver Trust (NYSEARCA:SLV) by 26.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,822 shares of the exchange traded fund’s stock after selling 60,276 shares during the quarter. iShares Silver Trust comprises about 1.3% of Cypress Capital Group’s holdings, making the stock its 23rd biggest holding. Cypress Capital Group’s holdings in iShares Silver Trust were worth $11,504,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. TBH Global Asset Management LLC increased its holdings in iShares Silver Trust by 1.5% during the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock worth $439,000 after acquiring an additional 104 shares during the period. Westside Investment Management Inc. lifted its stake in iShares Silver Trust by 23.4% in the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares in the last quarter. JNBA Financial Advisors boosted its holdings in iShares Silver Trust by 1.2% in the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after purchasing an additional 132 shares during the period. SouthState Bank Corp boosted its holdings in iShares Silver Trust by 29.6% in the 4th quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 148 shares during the period. Finally, Swisher Financial Concepts Inc. grew its position in shares of iShares Silver Trust by 0.8% during the 1st quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after purchasing an additional 148 shares in the last quarter.

iShares Silver Trust Price Performance

SLV opened at $52.59 on Friday. The firm has a market capitalization of $28.09 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a one year low of $33.10 and a one year high of $109.83. The company has a fifty day moving average price of $59.15 and a 200-day moving average price of $68.86.

iShares Silver Trust 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. 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.