iShares Silver Trust (NYSEARCA:SLV) Stock Position Reduced by Fifth Third Bancorp

Fifth Third Bancorp cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 1.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,832 shares of the exchange traded fund’s stock after selling 1,589 shares during the period. Fifth Third Bancorp’s holdings in iShares Silver Trust were worth $2,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in shares of iShares Silver Trust by 89.2% during the 4th quarter. Toronto Dominion Bank now owns 4,321,293 shares of the exchange traded fund’s stock worth $122,646,000 after purchasing an additional 2,037,487 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares Silver Trust during the 4th quarter worth $57,303,000. Proficio Capital Partners LLC increased its stake in shares of iShares Silver Trust by 715.2% during the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock worth $55,781,000 after purchasing an additional 1,858,658 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of iShares Silver Trust by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,939,706 shares of the exchange traded fund’s stock worth $51,072,000 after purchasing an additional 63,810 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of iShares Silver Trust by 560.6% during the 4th quarter. Bank of Nova Scotia now owns 1,180,797 shares of the exchange traded fund’s stock worth $31,090,000 after purchasing an additional 1,002,050 shares during the last quarter.

iShares Silver Trust Stock Down 0.3%

Shares of SLV opened at $32.97 on Friday. The company’s fifty day moving average is $30.19 and its 200-day moving average is $29.16. iShares Silver Trust has a 12 month low of $24.25 and a 12 month high of $33.54. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of -8.51 and a beta of 0.56.

iShares Silver Trust Company 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.