NewEdge Wealth LLC Sells 716 Shares of iShares Silver Trust (NYSEARCA:SLV)

NewEdge Wealth LLC decreased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 5.1% in the fourth quarter, HoldingsChannel reports. The fund owned 13,395 shares of the exchange traded fund’s stock after selling 716 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares Silver Trust were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SLV. BNP Paribas Arbitrage SA raised its holdings in shares of iShares Silver Trust by 5.9% in the first quarter. BNP Paribas Arbitrage SA now owns 3,850,025 shares of the exchange traded fund’s stock worth $88,089,000 after buying an additional 213,612 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of iShares Silver Trust by 48.0% in the first quarter. Wellington Management Group LLP now owns 2,711,172 shares of the exchange traded fund’s stock worth $62,032,000 after acquiring an additional 879,524 shares during the period. Bleakley Financial Group LLC increased its stake in shares of iShares Silver Trust by 27.5% in the fourth quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after acquiring an additional 397,836 shares during the period. Simplicity Solutions LLC increased its stake in shares of iShares Silver Trust by 0.5% in the third quarter. Simplicity Solutions LLC now owns 1,462,564 shares of the exchange traded fund’s stock worth $28,196,000 after acquiring an additional 6,869 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of iShares Silver Trust by 11.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock worth $28,288,000 after acquiring an additional 132,729 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $25.85 on Thursday. The firm has a market capitalization of $12.27 billion, a P/E ratio of -7.62 and a beta of 0.46. iShares Silver Trust has a 1-year low of $18.97 and a 1-year high of $27.24. The company’s fifty day moving average price is $22.63 and its 200-day moving average price is $21.69.

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.