SBI Securities Co. Ltd. Reduces Stock Position in iShares Silver Trust $SLV

SBI Securities Co. Ltd. trimmed its holdings in iShares Silver Trust (NYSEARCA:SLV) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,500 shares of the exchange traded fund’s stock after selling 18,903 shares during the period. SBI Securities Co. Ltd.’s holdings in iShares Silver Trust were worth $6,871,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Axiom Investment Management LLC acquired a new stake in iShares Silver Trust in the first quarter valued at $26,000. West Branch Capital LLC acquired a new position in iShares Silver Trust during the 2nd quarter worth $27,000. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust during the 4th quarter worth $30,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares Silver Trust in the 4th quarter worth about $32,000. Finally, Redwood Park Advisors LLC increased its position in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $58.16 on Friday. iShares Silver Trust has a 1 year low of $33.85 and a 1 year high of $109.83. The firm’s 50-day simple moving average is $55.52 and its 200-day simple moving average is $66.40. The firm has a market cap of $31.06 billion, a PE ratio of -8.51 and a beta of 0.50.

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.