iShares Silver Trust $SLV Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 69.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,335 shares of the exchange traded fund’s stock after selling 39,760 shares during the period. Royal Fund Management LLC’s holdings in iShares Silver Trust were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tudor Financial Inc. increased its position in iShares Silver Trust by 265.8% in the 2nd quarter. Tudor Financial Inc. now owns 23,928 shares of the exchange traded fund’s stock valued at $1,279,000 after acquiring an additional 17,387 shares during the period. Highland Investment Advisors LLC bought a new position in shares of iShares Silver Trust during the second quarter valued at $746,000. Concurrent Investment Advisors LLC raised its stake in shares of iShares Silver Trust by 32.9% during the second quarter. Concurrent Investment Advisors LLC now owns 102,777 shares of the exchange traded fund’s stock valued at $5,495,000 after acquiring an additional 25,431 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of iShares Silver Trust by 7.5% during the second quarter. HighTower Advisors LLC now owns 1,165,149 shares of the exchange traded fund’s stock worth $62,300,000 after purchasing an additional 81,257 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of iShares Silver Trust during the first quarter worth $7,437,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV traded down $0.62 during mid-day trading on Friday, reaching $48.72. 18,304,289 shares of the company’s stock were exchanged, compared to its average volume of 44,002,250. iShares Silver Trust has a twelve month low of $41.70 and a twelve month high of $109.83. The firm has a market capitalization of $26.22 billion, a price-to-earnings ratio of -8.51 and a beta of 0.51. The business’s fifty day moving average price is $57.01 and its 200-day moving average price is $60.20.

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.