HighTower Advisors LLC Sells 162,617 Shares of iShares Silver Trust $SLV

HighTower Advisors LLC decreased its position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,587,507 shares of the exchange traded fund’s stock after selling 162,617 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Silver Trust were worth $102,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in iShares Silver Trust during the fourth quarter worth $33,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in iShares Silver Trust by 274.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 425 shares during the last quarter. Bangor Savings Bank bought a new stake in iShares Silver Trust during the fourth quarter worth $38,000. American National Bank & Trust lifted its stake in iShares Silver Trust by 96.7% during the fourth quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. Finally, Wells Financial Advisors INC bought a new stake in iShares Silver Trust during the fourth quarter worth $39,000.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $66.90 on Wednesday. The business has a fifty day moving average price of $69.57 and a two-hundred day moving average price of $67.13. iShares Silver Trust has a fifty-two week low of $29.50 and a fifty-two week high of $109.83. The stock has a market capitalization of $37.87 billion, a PE ratio of -8.51 and a beta of 0.45.

Key iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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