Baird Financial Group Inc. Sells 34,084 Shares of iShares Silver Trust $SLV

Baird Financial Group Inc. cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 706,416 shares of the exchange traded fund’s stock after selling 34,084 shares during the quarter. Baird Financial Group Inc. owned approximately 0.13% of iShares Silver Trust worth $23,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SLV. Brighton Jones LLC lifted its stake in shares of iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 1,595 shares during the period. Bison Wealth LLC bought a new position in iShares Silver Trust during the 4th quarter worth approximately $238,000. Capstone Wealth Management Group LLC acquired a new position in shares of iShares Silver Trust in the 1st quarter worth approximately $443,000. Wealthspire Advisors LLC boosted its stake in shares of iShares Silver Trust by 17.3% in the 1st quarter. Wealthspire Advisors LLC now owns 15,111 shares of the exchange traded fund’s stock valued at $468,000 after purchasing an additional 2,231 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of iShares Silver Trust during the first quarter worth $87,000.

iShares Silver Trust Stock Up 2.3%

Shares of NYSEARCA SLV opened at $52.95 on Friday. The company has a market capitalization of $28.53 billion, a PE ratio of -8.51 and a beta of 0.38. The firm has a fifty day simple moving average of $46.00 and a 200 day simple moving average of $38.56. iShares Silver Trust has a twelve month low of $26.19 and a twelve month high of $53.82.

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.