Guidance Capital Inc. Sells 140,398 Shares of iShares Silver Trust $SLV

Guidance Capital Inc. cut its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 83.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,745 shares of the exchange traded fund’s stock after selling 140,398 shares during the quarter. Guidance Capital Inc.’s holdings in iShares Silver Trust were worth $1,787,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nexus Investment Management ULC lifted its holdings in shares of iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of iShares Silver Trust during the third quarter valued at $32,000. Rialto Wealth Management LLC bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $33,000. Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust during the third quarter valued at $38,000. Finally, Bangor Savings Bank bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $38,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $72.04 on Wednesday. iShares Silver Trust has a twelve month low of $29.04 and a twelve month high of $109.83. The firm has a market cap of $40.77 billion, a PE ratio of -8.51 and a beta of 0.52. The business has a fifty day moving average of $71.40 and a 200-day moving average of $62.88.

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iShares Silver Trust Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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