iShares Silver Trust $SLV Shares Sold by Grand Central Investment Group

Grand Central Investment Group reduced its holdings in iShares Silver Trust (NYSEARCA:SLV) by 40.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,701 shares of the exchange traded fund’s stock after selling 85,677 shares during the period. iShares Silver Trust comprises 6.3% of Grand Central Investment Group’s holdings, making the stock its 4th biggest position. Grand Central Investment Group’s holdings in iShares Silver Trust were worth $8,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in iShares Silver Trust during the first quarter worth about $2,762,000. Ameliora Wealth Management Ltd. lifted its stake in shares of iShares Silver Trust by 15.4% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock valued at $5,583,000 after purchasing an additional 11,563 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of iShares Silver Trust by 33.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after purchasing an additional 9,391 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of iShares Silver Trust by 47.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock valued at $1,869,000 after purchasing an additional 9,384 shares during the period. Finally, Finer Wealth Management Inc. purchased a new stake in iShares Silver Trust during the fourth quarter worth $709,000.

iShares Silver Trust Stock Performance

SLV stock opened at $52.68 on Tuesday. The firm has a market cap of $29.82 billion, a PE ratio of -8.51 and a beta of 0.45. The firm’s fifty day moving average is $65.93 and its 200 day moving average is $70.15. iShares Silver Trust has a one year low of $32.62 and a one year high of $109.83.

iShares Silver Trust Company Profile

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.