Private Trust Co. NA Sells 6,591 Shares of iShares Silver Trust (NYSEARCA:SLV)

Private Trust Co. NA reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 43.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,721 shares of the exchange traded fund’s stock after selling 6,591 shares during the quarter. Private Trust Co. NA’s holdings in iShares Silver Trust were worth $248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in shares of iShares Silver Trust by 1.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,875,896 shares of the exchange traded fund’s stock worth $53,294,000 after purchasing an additional 30,116 shares during the last quarter. Meitav Investment House Ltd. bought a new stake in shares of iShares Silver Trust during the second quarter worth about $45,688,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of iShares Silver Trust by 17.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,352,014 shares of the exchange traded fund’s stock worth $35,923,000 after purchasing an additional 204,606 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares Silver Trust by 27.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,190,547 shares of the exchange traded fund’s stock worth $31,633,000 after purchasing an additional 259,988 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of iShares Silver Trust by 14.5% during the second quarter. Cetera Investment Advisers now owns 935,476 shares of the exchange traded fund’s stock worth $24,856,000 after purchasing an additional 118,715 shares during the last quarter.

iShares Silver Trust Trading Down 1.3 %

NYSEARCA:SLV opened at $27.45 on Friday. The stock has a market cap of $12.88 billion, a P/E ratio of -7.01 and a beta of 0.43. The stock’s 50-day moving average is $28.98 and its 200-day moving average is $27.64. iShares Silver Trust has a 1-year low of $20.07 and a 1-year high of $31.80.

iShares Silver Trust 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.