Bleakley Financial Group LLC Reduces Stake in iShares Silver Trust $SLV

Bleakley Financial Group LLC lowered its position in iShares Silver Trust (NYSEARCA:SLV) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,059,759 shares of the exchange traded fund’s stock after selling 19,662 shares during the period. iShares Silver Trust comprises about 1.0% of Bleakley Financial Group LLC’s investment portfolio, making the stock its 21st biggest holding. Bleakley Financial Group LLC owned 0.20% of iShares Silver Trust worth $44,902,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC grew its stake in shares of iShares Silver Trust by 1,557.6% during the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after purchasing an additional 859,355 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of iShares Silver Trust in the second quarter worth approximately $26,643,000. Yong Rong HK Asset Management Ltd grew its position in iShares Silver Trust by 299.6% during the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock valued at $26,248,000 after buying an additional 599,800 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in iShares Silver Trust during the second quarter valued at approximately $17,597,000. Finally, Great Valley Advisor Group Inc. increased its holdings in iShares Silver Trust by 1,133.5% during the second quarter. Great Valley Advisor Group Inc. now owns 526,970 shares of the exchange traded fund’s stock valued at $17,290,000 after buying an additional 484,247 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $76.62 on Friday. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83. The company’s fifty day simple moving average is $74.30 and its 200-day simple moving average is $53.75. The stock has a market capitalization of $42.18 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.