Vontobel Holding Ltd. Reduces Stake in iShares Silver Trust $SLV

Vontobel Holding Ltd. lowered its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 56.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,468 shares of the exchange traded fund’s stock after selling 57,770 shares during the period. Vontobel Holding Ltd.’s holdings in iShares Silver Trust were worth $1,926,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new stake in iShares Silver Trust in the second quarter worth $162,217,000. Meitav Investment House Ltd. lifted its position in shares of iShares Silver Trust by 5.4% during the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock worth $97,589,000 after acquiring an additional 152,600 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of iShares Silver Trust by 1.0% in the second quarter. Raymond James Financial Inc. now owns 2,472,356 shares of the exchange traded fund’s stock worth $81,118,000 after acquiring an additional 25,584 shares during the period. Envestnet Asset Management Inc. grew its position in shares of iShares Silver Trust by 27.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,372,143 shares of the exchange traded fund’s stock valued at $45,020,000 after purchasing an additional 295,575 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of iShares Silver Trust by 4.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,290,663 shares of the exchange traded fund’s stock valued at $42,347,000 after purchasing an additional 55,180 shares during the period.

iShares Silver Trust Stock Up 9.0%

Shares of NYSEARCA SLV opened at $71.12 on Friday. iShares Silver Trust has a 52 week low of $26.22 and a 52 week high of $71.23. The business has a 50-day simple moving average of $50.57 and a two-hundred day simple moving average of $41.54. The company has a market cap of $38.32 billion, a P/E ratio of -8.51 and a beta of 0.38.

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.