Beaumont Financial Advisors LLC Cuts Position in iShares Silver Trust $SLV

Beaumont Financial Advisors LLC decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,962 shares of the exchange traded fund’s stock after selling 14,010 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in iShares Silver Trust were worth $1,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its position in shares of iShares Silver Trust by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after purchasing an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after purchasing an additional 573,660 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of iShares Silver Trust by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock worth $85,732,000 after purchasing an additional 26,710 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of iShares Silver Trust by 5.7% during the third quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock worth $74,153,000 after purchasing an additional 94,521 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after purchasing an additional 273,913 shares in the last quarter.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $65.79 on Friday. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83. The firm has a market capitalization of $36.22 billion, a PE ratio of -8.51 and a beta of 0.38. The business’s fifty day moving average price is $74.57 and its 200 day moving average price is $61.17.

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.