Cacti Asset Management LLC Cuts Stock Holdings in iShares Silver Trust $SLV

Cacti Asset Management LLC lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,200 shares of the exchange traded fund’s stock after selling 18,400 shares during the period. Cacti Asset Management LLC’s holdings in iShares Silver Trust were worth $2,939,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares during the last quarter. Bison Wealth LLC purchased a new position in iShares Silver Trust in the 4th quarter worth approximately $238,000. Capstone Wealth Management Group LLC bought a new stake in iShares Silver Trust in the first quarter valued at approximately $443,000. Deutsche Bank AG bought a new stake in iShares Silver Trust in the first quarter valued at approximately $87,000. Finally, Kovitz Investment Group Partners LLC boosted its stake in shares of iShares Silver Trust by 11.5% during the first quarter. Kovitz Investment Group Partners LLC now owns 15,578 shares of the exchange traded fund’s stock valued at $483,000 after purchasing an additional 1,608 shares during the period.

iShares Silver Trust Stock Down 2.6%

Shares of NYSEARCA SLV opened at $56.10 on Monday. iShares Silver Trust has a 52 week low of $26.19 and a 52 week high of $58.56. The firm’s fifty day moving average is $47.28 and its 200 day moving average is $39.50. The company has a market cap of $30.22 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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.