Hollencrest Capital Management Sells 2,400 Shares of iShares Silver Trust (NYSEARCA:SLV)

Hollencrest Capital Management lowered its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 21.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,710 shares of the exchange traded fund’s stock after selling 2,400 shares during the quarter. Hollencrest Capital Management’s holdings in iShares Silver Trust were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SLV. Quadrature Capital Ltd bought a new stake in iShares Silver Trust during the third quarter valued at about $91,122,000. Raymond James Financial Inc. bought a new stake in iShares Silver Trust during the fourth quarter valued at about $57,303,000. Proficio Capital Partners LLC raised its stake in iShares Silver Trust by 715.2% in the fourth quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after buying an additional 1,858,658 shares during the last quarter. Bank of Montreal Can raised its stake in iShares Silver Trust by 258.4% in the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock valued at $54,854,000 after buying an additional 1,370,298 shares during the last quarter. Finally, DRW Securities LLC raised its stake in iShares Silver Trust by 1,019.8% in the third quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock valued at $19,598,000 after buying an additional 764,813 shares during the last quarter.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $30.22 on Thursday. The stock has a 50-day moving average of $28.58 and a two-hundred day moving average of $28.31. iShares Silver Trust has a one year low of $22.26 and a one year high of $31.80. The stock has a market cap of $14.43 billion, a PE ratio of -8.33 and a beta of 0.74.

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.