iShares Silver Trust $SLV Stock: Oppenheimer & Co. Inc. Trims Stake

Oppenheimer & Co. Inc. cut its position in iShares Silver Trust (NYSEARCA:SLV) by 8.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 203,378 shares of the exchange traded fund’s stock after selling 18,483 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares Silver Trust were worth $11,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graney & King LLC increased its position in iShares Silver Trust by 17.7% during the 1st quarter. Graney & King LLC now owns 1,005 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 151 shares during the period. New England Professional Planning Group Inc. lifted its holdings in shares of iShares Silver Trust by 0.9% during the first quarter. New England Professional Planning Group Inc. now owns 17,774 shares of the exchange traded fund’s stock worth $1,211,000 after buying an additional 161 shares in the last quarter. Interactive Financial Advisors Inc. lifted its holdings in shares of iShares Silver Trust by 2.5% during the first quarter. Interactive Financial Advisors Inc. now owns 6,685 shares of the exchange traded fund’s stock worth $456,000 after buying an additional 164 shares in the last quarter. Elevation Wealth Management LLC lifted its holdings in shares of iShares Silver Trust by 0.9% during the second quarter. Elevation Wealth Management LLC now owns 21,274 shares of the exchange traded fund’s stock worth $1,138,000 after buying an additional 191 shares in the last quarter. Finally, Endeavor Private Wealth Inc. boosted its position in shares of iShares Silver Trust by 2.7% in the second quarter. Endeavor Private Wealth Inc. now owns 7,454 shares of the exchange traded fund’s stock valued at $399,000 after acquiring an additional 198 shares during the period.

iShares Silver Trust Stock Performance

SLV stock opened at $49.16 on Wednesday. The company’s 50-day simple moving average is $56.58 and its 200 day simple moving average is $64.77. iShares Silver Trust has a 52 week low of $42.23 and a 52 week high of $109.83. The company has a market capitalization of $26.46 billion, a PE ratio of -8.51 and a beta of 0.51.

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. 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.