iShares Silver Trust $SLV Shares Sold by Gemmer Asset Management LLC

Gemmer Asset Management LLC lowered its position in iShares Silver Trust (NYSEARCA:SLV) by 89.3% in the second quarter, Holdings Channel reports. The fund owned 4,902 shares of the exchange traded fund’s stock after selling 40,897 shares during the period. Gemmer Asset Management LLC’s holdings in iShares Silver Trust were worth $262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of iShares Silver Trust by 9.2% during the fourth 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 purchased a new stake in iShares Silver Trust during the 4th quarter worth about $238,000. Capstone Wealth Management Group LLC purchased a new stake in iShares Silver Trust during the 1st quarter worth about $443,000. Schnieders Capital Management LLC. boosted its position 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 worth $327,000 after acquiring an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of iShares Silver Trust during the 2nd quarter worth about $886,000.

iShares Silver Trust Stock Performance

SLV opened at $60.72 on Thursday. iShares Silver Trust has a one year low of $37.24 and a one year high of $109.83. The company has a market cap of $32.43 billion, a P/E ratio of -8.51 and a beta of 0.53. The business’s 50-day simple moving average is $56.44 and its 200-day simple moving average is $63.96.

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.