Ehrlich Financial Group Reduces Stake in iShares Silver Trust $SLV

Ehrlich Financial Group reduced its holdings in iShares Silver Trust (NYSEARCA:SLVFree Report) by 75.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,658 shares of the exchange traded fund’s stock after selling 23,512 shares during the quarter. Ehrlich Financial Group’s holdings in iShares Silver Trust were worth $493,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nexus Investment Management ULC lifted its stake in iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new stake in iShares Silver Trust in the third quarter valued at $32,000. Hopwood Financial Services Inc. purchased a new position in iShares Silver Trust during the 3rd quarter valued at $38,000. ORG Partners LLC increased its position in 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 valued at $48,000 after purchasing an additional 315 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new position in iShares Silver Trust in the 3rd quarter worth $50,000.

iShares Silver Trust News Roundup

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iShares Silver Trust Trading Down 4.4%

NYSEARCA:SLV opened at $65.68 on Friday. The company has a 50-day moving average price of $78.57 and a 200-day moving average price of $59.11. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83. The stock has a market cap of $36.16 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

iShares Silver Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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