Sound Income Strategies LLC Lowers Holdings in iShares Silver Trust $SLV

Sound Income Strategies LLC reduced its position in iShares Silver Trust (NYSEARCA:SLV) by 39.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,284 shares of the exchange traded fund’s stock after selling 9,828 shares during the quarter. Sound Income Strategies LLC’s holdings in iShares Silver Trust were worth $1,041,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of SLV. Raymond James Financial Inc. lifted its stake in shares of iShares Silver Trust by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after acquiring an additional 313,816 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares Silver Trust by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after acquiring an additional 573,660 shares during the period. Bank of Montreal Can increased its stake in shares of iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after acquiring an additional 1,852,688 shares during the period. Tableaux LLC purchased a new position in iShares Silver Trust during the fourth quarter worth about $133,233,000. Finally, Mainstay Capital Management LLC ADV raised its holdings in iShares Silver Trust by 82.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after purchasing an additional 824,589 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $55.02 on Friday. The company has a market cap of $29.39 billion, a P/E ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a 52 week low of $32.96 and a 52 week high of $109.83. The company has a 50-day moving average price of $64.58 and a 200 day moving average price of $69.99.

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. 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.