Main Street Financial Solutions LLC Sells 9,282 Shares of iShares Silver Trust (NYSEARCA:SLV)

Main Street Financial Solutions LLC lessened its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 15.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,593 shares of the exchange traded fund’s stock after selling 9,282 shares during the period. Main Street Financial Solutions LLC’s holdings in iShares Silver Trust were worth $1,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NWI Management LP lifted its holdings in shares of iShares Silver Trust by 10,526.6% during the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock worth $120,878,000 after acquiring an additional 5,263,305 shares during the period. Meitav Investment House Ltd. acquired a new position in iShares Silver Trust during the second quarter valued at approximately $45,688,000. Cetera Investment Advisers lifted its stake in iShares Silver Trust by 842.7% during the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock worth $18,581,000 after purchasing an additional 730,121 shares during the last quarter. International Assets Investment Management LLC lifted its stake in iShares Silver Trust by 3,449.3% during the third quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock worth $15,336,000 after purchasing an additional 524,609 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in shares of iShares Silver Trust in the 1st quarter valued at $10,506,000.

iShares Silver Trust Stock Performance

Shares of SLV opened at $27.61 on Thursday. iShares Silver Trust has a 52-week low of $20.07 and a 52-week high of $31.80. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The business’s fifty day moving average is $28.75 and its 200-day moving average is $27.42.

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.