Verus Capital Partners LLC Trims Stake in iShares Silver Trust $SLV

Verus Capital Partners LLC reduced its stake in iShares Silver Trust (NYSEARCA:SLV) by 28.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,125 shares of the exchange traded fund’s stock after selling 3,300 shares during the period. Verus Capital Partners LLC’s holdings in iShares Silver Trust were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SLV. LPL Financial LLC raised its position in shares of iShares Silver Trust by 13.4% in the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock worth $242,725,000 after acquiring an additional 924,353 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Silver Trust during the second quarter valued at approximately $162,217,000. Meitav Investment House Ltd. grew its stake in iShares Silver Trust by 5.4% in the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock worth $97,589,000 after purchasing an additional 152,600 shares during the period. Ameriprise Financial Inc. raised its holdings in iShares Silver Trust by 127.3% in the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock worth $80,514,000 after purchasing an additional 1,460,084 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in iShares Silver Trust by 8.6% in the first quarter. Commonwealth Equity Services LLC now owns 2,105,854 shares of the exchange traded fund’s stock worth $65,260,000 after purchasing an additional 166,148 shares in the last quarter.

iShares Silver Trust Trading Up 4.0%

Shares of SLV stock opened at $48.32 on Thursday. The company’s fifty day moving average price is $42.60 and its 200-day moving average price is $36.30. The stock has a market cap of $26.03 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12 month low of $26.19 and a 12 month high of $49.25.

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.