iShares Silver Trust $SLV Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 11.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 356,014 shares of the exchange traded fund’s stock after selling 45,046 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Silver Trust were worth $24,259,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in shares of iShares Silver Trust during the 1st quarter valued at about $2,762,000. Ameliora Wealth Management Ltd. boosted its position in shares of iShares Silver Trust by 15.4% in the fourth quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after acquiring an additional 11,563 shares during the last quarter. Prime Capital Investment Advisors LLC grew its holdings in iShares Silver Trust by 33.1% in the fourth 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 increased its position in iShares Silver Trust by 47.8% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock worth $1,869,000 after purchasing an additional 9,384 shares during the last quarter. Finally, Finer Wealth Management Inc. acquired a new position in iShares Silver Trust during the fourth quarter worth approximately $709,000.

iShares Silver Trust Stock Down 1.1%

Shares of SLV 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 company’s fifty day moving average is $65.93 and its two-hundred day moving average is $70.15. iShares Silver Trust has a fifty-two week low of $32.62 and a fifty-two week high of $109.83.

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.