NewEdge Advisors LLC Reduces Stock Position in iShares Silver Trust $SLV

NewEdge Advisors LLC decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 17.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 461,272 shares of the exchange traded fund’s stock after selling 100,715 shares during the quarter. NewEdge Advisors LLC owned approximately 0.08% of iShares Silver Trust worth $31,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SLV. Tableaux LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $133,233,000. Bank of Montreal Can lifted its holdings in iShares Silver Trust by 505.8% in 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 buying an additional 1,852,688 shares during the period. Teacher Retirement System of Texas boosted its position in iShares Silver Trust by 259.9% during the 4th quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock valued at $90,188,000 after acquiring an additional 1,011,000 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its position in iShares Silver Trust by 82.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after acquiring an additional 824,589 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of iShares Silver Trust by 480.3% during the 4th quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock worth $47,936,000 after acquiring an additional 615,902 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $57.50 on Friday. iShares Silver Trust has a 52-week low of $33.85 and a 52-week high of $109.83. The firm has a market capitalization of $30.71 billion, a P/E ratio of -8.51 and a beta of 0.50. The stock has a 50 day moving average price of $56.20 and a 200-day moving average price of $67.30.

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. 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.