Lesa Sroufe & Co Sells 35,920 Shares of iShares Silver Trust $SLV

Lesa Sroufe & Co reduced its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 27.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,230 shares of the exchange traded fund’s stock after selling 35,920 shares during the quarter. iShares Silver Trust accounts for approximately 4.7% of Lesa Sroufe & Co’s portfolio, making the stock its 6th largest holding. Lesa Sroufe & Co’s holdings in iShares Silver Trust were worth $6,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vantage Financial Partners LLC purchased a new stake in shares of iShares Silver Trust in the third quarter valued at about $489,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares Silver Trust by 14.6% in the third 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 in the last quarter. D.B. Root & Company LLC purchased a new stake in shares of iShares Silver Trust in the third quarter valued at about $370,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Silver Trust by 20.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after purchasing an additional 273,913 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC purchased a new stake in shares of iShares Silver Trust in the third quarter valued at about $235,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $67.47 on Thursday. iShares Silver Trust has a 12-month low of $27.45 and a 12-month high of $109.83. The company has a market capitalization of $38.19 billion, a PE ratio of -8.51 and a beta of 0.45. The firm’s 50-day moving average is $72.45 and its two-hundred day moving average is $61.92.

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.