Sigma Planning Corp cut its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,566 shares of the exchange traded fund’s stock after selling 15,342 shares during the period. Sigma Planning Corp’s holdings in iShares Silver Trust were worth $7,756,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SLV. Valley National Advisers Inc. boosted its stake in iShares Silver Trust by 960.2% in the third quarter. Valley National Advisers Inc. now owns 2,640 shares of the exchange traded fund’s stock worth $144,000 after purchasing an additional 2,391 shares in the last quarter. Signaturefd LLC grew its holdings in shares of iShares Silver Trust by 1.2% during the third quarter. Signaturefd LLC now owns 26,206 shares of the exchange traded fund’s stock worth $1,428,000 after purchasing an additional 300 shares during the last quarter. Corecam Pte. Ltd. increased its stake in shares of iShares Silver Trust by 1.9% in the third quarter. Corecam Pte. Ltd. now owns 174,490 shares of the exchange traded fund’s stock valued at $9,511,000 after buying an additional 3,220 shares in the last quarter. Morton Capital Management LLC CA increased its stake in shares of iShares Silver Trust by 44.5% in the third quarter. Morton Capital Management LLC CA now owns 15,937 shares of the exchange traded fund’s stock valued at $869,000 after buying an additional 4,908 shares in the last quarter. Finally, Simplicity Wealth LLC increased its stake in shares of iShares Silver Trust by 35.0% in the third quarter. Simplicity Wealth LLC now owns 22,986 shares of the exchange traded fund’s stock valued at $1,253,000 after buying an additional 5,961 shares in the last quarter.
iShares Silver Trust Price Performance
iShares Silver Trust stock opened at $48.72 on Monday. The stock has a 50-day simple moving average of $57.01 and a 200 day simple moving average of $60.16. iShares Silver Trust has a 12-month low of $41.70 and a 12-month high of $109.83. The stock has a market capitalization of $26.22 billion, a price-to-earnings ratio of -8.51 and a beta of 0.51.
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.
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