Janney Montgomery Scott LLC Sells 373,358 Shares of iShares Silver Trust $SLV

Janney Montgomery Scott LLC reduced its position in iShares Silver Trust (NYSEARCA:SLV) by 51.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 357,685 shares of the exchange traded fund’s stock after selling 373,358 shares during the quarter. Janney Montgomery Scott LLC owned about 0.07% of iShares Silver Trust worth $11,736,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in iShares Silver Trust by 33.3% in the 1st quarter. Farther Finance Advisors LLC now owns 8,463 shares of the exchange traded fund’s stock valued at $259,000 after buying an additional 2,112 shares during the period. Envestnet Asset Management Inc. increased its holdings in iShares Silver Trust by 6.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,076,568 shares of the exchange traded fund’s stock valued at $33,363,000 after buying an additional 68,041 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in iShares Silver Trust by 13.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 30,131 shares of the exchange traded fund’s stock valued at $934,000 after buying an additional 3,638 shares during the period. Apella Capital LLC bought a new position in iShares Silver Trust in the 2nd quarter valued at about $291,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in iShares Silver Trust by 21.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 214,948 shares of the exchange traded fund’s stock valued at $6,661,000 after buying an additional 37,464 shares during the period.

iShares Silver Trust Trading Up 2.3%

SLV opened at $43.52 on Friday. The company’s 50 day moving average is $36.92 and its 200-day moving average is $33.22. iShares Silver Trust has a 1-year low of $26.19 and a 1-year high of $43.95. The company has a market cap of $23.92 billion, a P/E ratio of -8.51 and a beta of 0.59.

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.