Keel Point LLC Sells 15,274 Shares of iShares Silver Trust $SLV

Keel Point LLC cut its stake in iShares Silver Trust (NYSEARCA:SLV) by 9.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,401 shares of the exchange traded fund’s stock after selling 15,274 shares during the quarter. iShares Silver Trust comprises about 0.7% of Keel Point LLC’s portfolio, making the stock its 27th biggest position. Keel Point LLC’s holdings in iShares Silver Trust were worth $9,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SLV. Axiom Investment Management LLC purchased a new stake in shares of iShares Silver Trust during the 1st quarter worth $26,000. Sarver Vrooman Wealth Advisors bought a new stake in iShares Silver Trust during the fourth quarter valued at about $30,000. Intesa Sanpaolo Wealth Management purchased a new position in iShares Silver Trust in the fourth quarter valued at about $32,000. Redwood Park Advisors LLC grew its stake in iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. Finally, Sfam LLC bought a new position in iShares Silver Trust in the fourth quarter worth about $33,000.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $52.36 on Friday. The company has a market capitalization of $27.97 billion, a PE ratio of -8.51 and a beta of 0.49. The company has a 50-day simple moving average of $57.53 and a two-hundred day simple moving average of $68.20. iShares Silver Trust has a one year low of $33.10 and a one year high of $109.83.

About iShares Silver Trust

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.