Nations Financial Group Inc. IA ADV Sells 76,450 Shares of iShares Silver Trust $SLV

Nations Financial Group Inc. IA ADV cut its position in iShares Silver Trust (NYSEARCA:SLV) by 42.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,343 shares of the exchange traded fund’s stock after selling 76,450 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in iShares Silver Trust were worth $7,178,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. grew its position in shares of iShares Silver Trust by 12.7% in the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after purchasing an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after purchasing an additional 573,660 shares during the period. Bank of Montreal Can lifted its position in shares of iShares Silver Trust by 505.8% during the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after purchasing an additional 1,852,688 shares during the last quarter. Tableaux LLC acquired a new position in shares of iShares Silver Trust during the 4th quarter worth about $133,233,000. Finally, Mainstay Capital Management LLC ADV increased its position 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 acquiring an additional 824,589 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $59.51 on Friday. iShares Silver Trust has a one year low of $32.06 and a one year high of $109.83. The company has a fifty day moving average price of $67.85 and a 200 day moving average price of $69.98. The stock has a market cap of $33.68 billion, a P/E ratio of -8.51 and a beta of 0.45.

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.