Berger Financial Group Inc Sells 7,175 Shares of iShares Silver Trust $SLV

Berger Financial Group Inc trimmed its position in iShares Silver Trust (NYSEARCA:SLVFree Report) by 37.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,149 shares of the exchange traded fund’s stock after selling 7,175 shares during the quarter. Berger Financial Group Inc’s holdings in iShares Silver Trust were worth $783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nexus Investment Management ULC raised its holdings in shares of iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new stake in shares of iShares Silver Trust in the 3rd quarter valued at about $32,000. Rialto Wealth Management LLC bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $33,000. Hopwood Financial Services Inc. bought a new stake in shares of iShares Silver Trust in the 3rd quarter valued at about $38,000. Finally, Bangor Savings Bank bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at about $38,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $73.63 on Monday. The firm’s 50-day moving average is $71.41 and its 200-day moving average is $63.51. The stock has a market cap of $41.67 billion, a price-to-earnings ratio of -8.51 and a beta of 0.52. iShares Silver Trust has a 52-week low of $29.04 and a 52-week high of $109.83.

Key iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

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.

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

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