iShares Silver Trust $SLV Stake Reduced by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC cut its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 73.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,447 shares of the exchange traded fund’s stock after selling 34,980 shares during the quarter. Crescent Grove Advisors LLC’s holdings in iShares Silver Trust were worth $678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Axiom Investment Management LLC purchased a new position in shares of iShares Silver Trust in the first quarter valued at about $26,000. Horizons Wealth Management bought a new position in shares of iShares Silver Trust in the 3rd quarter worth about $26,000. West Branch Capital LLC bought a new position in shares of iShares Silver Trust in the 2nd quarter worth about $27,000. Bullseye Investment Management LLC bought a new stake in iShares Silver Trust during the second quarter worth about $27,000. Finally, Cape Investment Advisory Inc. purchased a new position in shares of iShares Silver Trust during the second quarter valued at approximately $38,000.

iShares Silver Trust Stock Down 5.6%

SLV stock opened at $49.34 on Friday. iShares Silver Trust has a twelve month low of $41.70 and a twelve month high of $109.83. The business has a 50 day moving average of $57.21 and a 200 day moving average of $60.29. The firm has a market cap of $26.55 billion, a PE ratio of -8.51 and a beta of 0.51.

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.