Raymond James & Associates Trims Stock Position in iShares Silver Trust (NYSEARCA:SLV)
Raymond James & Associates cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,101,372 shares of the exchange traded fund’s stock after selling 83,912 shares during the quarter. Raymond James & Associates’ holdings in iShares Silver Trust were worth $23,988,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter worth about $26,000. Covestor Ltd purchased a new position in shares of iShares Silver Trust in the 1st quarter worth about $28,000. VisionPoint Advisory Group LLC purchased a new position in shares of iShares Silver Trust in the 3rd quarter worth about $25,000. BluePath Capital Management LLC purchased a new position in shares of iShares Silver Trust in the 3rd quarter worth about $26,000. Finally, Cornerstone Planning Group LLC purchased a new position in shares of iShares Silver Trust in the 2nd quarter worth about $28,000.
iShares Silver Trust Stock Performance
iShares Silver Trust stock opened at $22.75 on Friday. The stock’s 50-day moving average is $21.48 and its 200-day moving average is $21.32. iShares Silver Trust has a 12 month low of $18.97 and a 12 month high of $23.94.
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.
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