NewEdge Wealth LLC Lowers Stock Position in iShares Silver Trust $SLV

NewEdge Wealth LLC lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 60.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,400 shares of the exchange traded fund’s stock after selling 31,826 shares during the period. NewEdge Wealth LLC’s holdings in iShares Silver Trust were worth $1,390,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tableaux LLC purchased a new stake in iShares Silver Trust in the fourth quarter worth about $133,233,000. Bank of Montreal Can lifted its holdings in shares of iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after purchasing an additional 1,852,688 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of iShares Silver Trust by 259.9% in the 4th quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock worth $90,188,000 after purchasing an additional 1,011,000 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its position in shares of iShares Silver Trust by 82.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after purchasing an additional 824,589 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in shares of iShares Silver Trust by 480.3% in the 4th quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock worth $47,936,000 after purchasing an additional 615,902 shares in the last quarter.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $52.59 on Monday. iShares Silver Trust has a twelve month low of $33.10 and a twelve month high of $109.83. The company has a market capitalization of $28.09 billion, a P/E ratio of -8.51 and a beta of 0.49. The stock’s 50 day moving average is $59.15 and its 200 day moving average is $68.86.

iShares Silver Trust 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.