Gemmer Asset Management LLC Trims Stake in iShares Silver Trust $SLV

Gemmer Asset Management LLC trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 89.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,902 shares of the exchange traded fund’s stock after selling 40,897 shares during the quarter. Gemmer Asset Management LLC’s holdings in iShares Silver Trust were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SLV. Axiom Investment Management LLC purchased a new stake in shares of iShares Silver Trust during the 1st quarter valued at $26,000. West Branch Capital LLC acquired a new stake in shares of iShares Silver Trust during the second quarter worth $27,000. Sarver Vrooman Wealth Advisors purchased a new stake in iShares Silver Trust during the 4th quarter valued at about $30,000. Intesa Sanpaolo Wealth Management acquired a new position in iShares Silver Trust in the 4th quarter worth approximately $32,000. Finally, Redwood Park Advisors LLC raised its holdings in shares of iShares Silver Trust by 106.4% during the fourth 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 Trading Up 2.3%

Shares of SLV stock opened at $60.72 on Thursday. The company has a market capitalization of $32.43 billion, a P/E ratio of -8.51 and a beta of 0.53. The business’s 50 day moving average is $56.44 and its two-hundred day moving average is $63.96. iShares Silver Trust has a 12-month low of $37.24 and a 12-month high of $109.83.

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. 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.