DAVENPORT & Co LLC Sells 1,355,365 Shares of iShares Silver Trust $SLV

DAVENPORT & Co LLC lowered its holdings in iShares Silver Trust (NYSEARCA:SLV) by 89.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,419 shares of the exchange traded fund’s stock after selling 1,355,365 shares during the period. DAVENPORT & Co LLC’s holdings in iShares Silver Trust were worth $6,839,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SLV. Center for Financial Planning Inc. bought a new stake in iShares Silver Trust during the second quarter valued at approximately $25,000. Highline Wealth Partners LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at $26,000. Addison Advisors LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at $31,000. Financial Management Professionals Inc. lifted its holdings in shares of iShares Silver Trust by 37.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 302 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new position in iShares Silver Trust in the second quarter worth $38,000.

iShares Silver Trust Stock Up 0.6%

SLV opened at $65.22 on Friday. The business’s fifty day simple moving average is $50.09 and its 200 day simple moving average is $41.28. iShares Silver Trust has a 52 week low of $26.22 and a 52 week high of $65.53. The stock has a market cap of $35.14 billion, a PE ratio of -8.51 and a beta of 0.38.

About iShares Silver Trust

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.