Huntington National Bank reduced its stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,068 shares of the exchange traded fund’s stock after selling 503 shares during the period. Huntington National Bank’s holdings in iShares Silver Trust were worth $2,819,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLV. Quadrature Capital Ltd acquired a new stake in iShares Silver Trust during the third quarter worth approximately $91,122,000. Raymond James Financial Inc. purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at $57,303,000. Proficio Capital Partners LLC raised its position 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 purchasing an additional 1,858,658 shares during the period. Toronto Dominion Bank lifted its position in iShares Silver Trust by 18.6% during the 3rd quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after acquiring an additional 358,806 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of iShares Silver Trust during the third quarter worth $7,769,000.
iShares Silver Trust Stock Performance
Shares of SLV opened at $28.89 on Friday. iShares Silver Trust has a one year low of $23.87 and a one year high of $31.80. The company has a market capitalization of $14.23 billion, a P/E ratio of -8.96 and a beta of 0.59. The stock has a 50-day moving average price of $29.56 and a 200 day moving average price of $28.75.
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.
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