US Bancorp DE Sells 26,744 Shares of iShares Silver Trust $SLV

US Bancorp DE lessened its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 16.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,182 shares of the exchange traded fund’s stock after selling 26,744 shares during the period. US Bancorp DE’s holdings in iShares Silver Trust were worth $5,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SLV. Vantage Financial Partners LLC bought a new position in iShares Silver Trust during the third quarter worth about $489,000. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares Silver Trust by 14.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after purchasing an additional 30,915 shares during the period. D.B. Root & Company LLC acquired a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $370,000. Envestnet Asset Management Inc. increased its holdings in shares of iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after purchasing an additional 273,913 shares during the period. Finally, Adamsbrown Wealth Consultants LLC acquired a new stake in shares of iShares Silver Trust in the third quarter valued at approximately $235,000.

iShares Silver Trust Trading Up 5.6%

Shares of SLV stock opened at $84.99 on Monday. The stock has a market cap of $46.79 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83. The stock has a 50 day simple moving average of $76.48 and a 200 day simple moving average of $55.52.

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.