US Bancorp DE Has $5.69 Million Position in iShares Silver Trust $SLV

US Bancorp DE cut its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 16.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,182 shares of the exchange traded fund’s stock after selling 26,744 shares during the period. US Bancorp DE’s holdings in iShares Silver Trust were worth $5,685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SLV. Center for Financial Planning Inc. bought a new position in iShares Silver Trust during the second quarter worth about $25,000. Addison Advisors LLC acquired a new stake in shares of iShares Silver Trust in the second quarter valued at approximately $31,000. Nexus Investment Management ULC boosted its stake in shares of iShares Silver Trust by 50.0% during the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $32,000. Finally, Hopwood Financial Services Inc. acquired a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $38,000.

iShares Silver Trust Trading Up 5.6%

SLV opened at $84.99 on Monday. The stock’s fifty day simple moving average is $76.48 and its 200 day simple moving average is $55.52. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83. The stock has a market cap of $46.79 billion, a PE ratio of -8.51 and a beta of 0.38.

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.