Simmons Bank Trims Holdings in iShares Silver Trust $SLV

Simmons Bank trimmed its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 32.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,084 shares of the exchange traded fund’s stock after selling 10,665 shares during the quarter. Simmons Bank’s holdings in iShares Silver Trust were worth $1,505,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SLV. Brighton Jones LLC grew its holdings in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 1,595 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter worth about $238,000. Capstone Wealth Management Group LLC purchased a new stake in shares of iShares Silver Trust in the first quarter worth about $443,000. Schnieders Capital Management LLC. lifted its holdings in shares of iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after buying an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of iShares Silver Trust in the second quarter valued at approximately $886,000.

iShares Silver Trust Trading Up 1.5%

Shares of NYSEARCA:SLV opened at $53.47 on Wednesday. The company has a 50 day moving average of $65.53 and a 200 day moving average of $70.13. The stock has a market cap of $30.26 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12 month low of $32.71 and a 12 month 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.