New Harbor Financial Group LLC Decreases Holdings in iShares Silver Trust $SLV

New Harbor Financial Group LLC cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 361,236 shares of the exchange traded fund’s stock after selling 37,980 shares during the period. iShares Silver Trust comprises approximately 4.3% of New Harbor Financial Group LLC’s holdings, making the stock its 13th largest position. New Harbor Financial Group LLC owned approximately 0.06% of iShares Silver Trust worth $23,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SLV. Brighton Jones LLC increased its stake in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC bought a new position in shares of iShares Silver Trust during the 4th quarter valued at about $238,000. Capstone Wealth Management Group LLC bought a new position in shares of iShares Silver Trust during the 1st quarter valued at about $443,000. Schnieders Capital Management LLC. boosted its holdings in shares of iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of iShares Silver Trust during the 2nd quarter valued at about $886,000.

iShares Silver Trust Stock Down 3.1%

SLV opened at $66.20 on Wednesday. The firm has a 50-day simple moving average of $71.08 and a two-hundred day simple moving average of $64.74. iShares Silver Trust has a 52 week low of $29.04 and a 52 week high of $109.83. The company has a market capitalization of $37.47 billion, a PE ratio of -8.51 and a beta of 0.52.

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. 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.