HighTower Advisors LLC Sells 162,617 Shares of iShares Silver Trust $SLV

HighTower Advisors LLC trimmed its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,587,507 shares of the exchange traded fund’s stock after selling 162,617 shares during the quarter. HighTower Advisors LLC owned about 0.29% of iShares Silver Trust worth $102,267,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in SLV. Vantage Financial Partners LLC bought a new stake in shares of iShares Silver Trust in the third quarter valued at approximately $489,000. D.B. Root & Company LLC acquired a new stake in iShares Silver Trust during the third quarter worth approximately $370,000. Wealth Enhancement Advisory Services LLC grew its position in iShares Silver Trust by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock worth $10,525,000 after buying an additional 30,915 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after buying an additional 273,913 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC acquired a new stake in iShares Silver Trust during the third quarter worth approximately $235,000.

iShares Silver Trust News Summary

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $66.90 on Wednesday. The company has a market capitalization of $37.87 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 1 year low of $29.50 and a 1 year high of $109.83. The business’s 50 day simple moving average is $69.57 and its 200 day simple moving average is $67.13.

iShares Silver Trust Profile

(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.

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

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