Flagship Harbor Advisors LLC Decreases Position in iShares Silver Trust $SLV

Flagship Harbor Advisors LLC decreased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,064 shares of the exchange traded fund’s stock after selling 8,241 shares during the period. Flagship Harbor Advisors LLC’s holdings in iShares Silver Trust were worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Nexus Investment Management ULC boosted its holdings in iShares Silver Trust by 50.0% in the third 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. purchased a new stake in iShares Silver Trust during the 3rd quarter worth about $32,000. Rialto Wealth Management LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth about $33,000. Hopwood Financial Services Inc. acquired a new stake in iShares Silver Trust in the 3rd quarter valued at about $38,000. Finally, Bangor Savings Bank acquired a new stake in iShares Silver Trust in the 4th quarter valued at about $38,000.

iShares Silver Trust Stock Performance

Shares of SLV opened at $65.94 on Wednesday. iShares Silver Trust has a 1 year low of $26.96 and a 1 year high of $109.83. The stock has a market capitalization of $37.32 billion, a PE ratio of -8.51 and a beta of 0.45. The stock has a 50-day simple moving average of $73.21 and a 200-day simple moving average of $61.88.

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.