Bard Associates Inc. Sells 15,629 Shares of iShares Silver Trust $SLV

Bard Associates Inc. lessened its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 45.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,079 shares of the exchange traded fund’s stock after selling 15,629 shares during the quarter. Bard Associates Inc.’s holdings in iShares Silver Trust were worth $808,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nexus Investment Management ULC raised its holdings in iShares Silver Trust by 50.0% during the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 250 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of iShares Silver Trust in the 3rd quarter valued at about $32,000. Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust in the 3rd quarter valued at about $38,000. ORG Partners LLC grew its position in shares of iShares Silver Trust by 38.9% during the 3rd quarter. ORG Partners LLC now owns 1,125 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 315 shares during the period. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of iShares Silver Trust during the 3rd quarter worth approximately $50,000.

iShares Silver Trust Price Performance

SLV opened at $72.69 on Friday. The firm has a 50 day simple moving average of $78.65 and a 200 day simple moving average of $58.32. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $109.83. The company has a market cap of $40.02 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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.