Principal Financial Group Inc. Sells 61,707 Shares of iShares Silver Trust $SLV

Principal Financial Group Inc. decreased its stake in iShares Silver Trust (NYSEARCA:SLV) by 66.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,853 shares of the exchange traded fund’s stock after selling 61,707 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares Silver Trust were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares during the period. Bison Wealth LLC acquired a new position in iShares Silver Trust during the fourth quarter valued at approximately $238,000. Capstone Wealth Management Group LLC acquired a new position in iShares Silver Trust during the first quarter valued at approximately $443,000. Schnieders Capital Management LLC. increased its stake in iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in iShares Silver Trust in the second quarter valued at approximately $886,000.

iShares Silver Trust Stock Performance

SLV opened at $53.50 on Friday. The firm’s fifty day moving average is $57.85 and its two-hundred day moving average is $68.31. The firm has a market cap of $28.57 billion, a PE ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a twelve month low of $33.10 and a twelve month high of $109.83.

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.