RFG Advisory LLC Reduces Stake in iShares Silver Trust $SLV

RFG Advisory LLC lessened its holdings in iShares Silver Trust (NYSEARCA:SLVFree Report) by 95.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,863 shares of the exchange traded fund’s stock after selling 269,432 shares during the period. RFG Advisory LLC’s holdings in iShares Silver Trust were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SLV. GLOBALT Investments LLC GA acquired a new stake in shares of iShares Silver Trust in the second quarter worth $29,459,000. Guggenheim Capital LLC boosted its holdings in iShares Silver Trust by 1,557.6% in the second quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after purchasing an additional 859,355 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Silver Trust in the second quarter valued at $26,643,000. Yong Rong HK Asset Management Ltd grew its position in iShares Silver Trust by 299.6% during the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock worth $26,248,000 after purchasing an additional 599,800 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of iShares Silver Trust during the 2nd quarter valued at about $17,597,000.

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iShares Silver Trust Stock Up 2.9%

Shares of SLV stock opened at $69.72 on Friday. iShares Silver Trust has a 52-week low of $26.57 and a 52-week high of $109.83. The stock has a market cap of $38.38 billion, a PE ratio of -8.51 and a beta of 0.38. The business has a 50-day simple moving average of $72.78 and a 200-day simple moving average of $52.34.

About iShares Silver Trust

(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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