Williams & Novak LLC Trims Position in iShares Silver Trust (NYSEARCA:SLV)

Williams & Novak LLC reduced its position in iShares Silver Trust (NYSEARCA:SLV) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,759 shares of the exchange traded fund’s stock after selling 569 shares during the quarter. iShares Silver Trust makes up about 2.0% of Williams & Novak LLC’s investment portfolio, making the stock its 9th biggest holding. Williams & Novak LLC’s holdings in iShares Silver Trust were worth $2,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of iShares Silver Trust in the 3rd quarter valued at about $91,122,000. Bank of Montreal Can lifted its holdings 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 worth $54,854,000 after acquiring an additional 1,370,298 shares during the last quarter. DRW Securities LLC boosted 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 acquiring an additional 764,813 shares during the period. RIA Advisory Group LLC bought a new position in shares of iShares Silver Trust during the third quarter valued at approximately $20,773,000. Finally, International Assets Investment Management LLC raised its position in shares of iShares Silver Trust by 3,449.3% during the 3rd 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 period.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $27.63 on Wednesday. The firm has a market capitalization of $12.97 billion, a P/E ratio of -7.01 and a beta of 0.43. The business has a 50 day simple moving average of $27.61 and a 200 day simple moving average of $27.65. iShares Silver Trust has a 12-month low of $20.11 and a 12-month high of $31.80.

iShares Silver Trust 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.