Commonwealth Equity Services LLC Sells 73,859 Shares of iShares Silver Trust $SLV

Commonwealth Equity Services LLC cut its position in iShares Silver Trust (NYSEARCA:SLV) by 7.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 985,391 shares of the exchange traded fund’s stock after selling 73,859 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares Silver Trust were worth $53,714,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its stake in iShares Silver Trust by 31.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 98,060 shares of the exchange traded fund’s stock valued at $5,345,000 after purchasing an additional 23,712 shares during the last quarter. Associated Banc Corp bought a new stake in shares of iShares Silver Trust in the 3rd quarter worth $3,083,000. Integrity Alliance LLC. raised its stake in shares of iShares Silver Trust by 28.1% in the third quarter. Integrity Alliance LLC. now owns 18,964 shares of the exchange traded fund’s stock worth $1,034,000 after purchasing an additional 4,163 shares during the last quarter. Integrity Advisory Solutions LLC purchased a new position in shares of iShares Silver Trust in the third quarter worth $271,000. Finally, Tucker Asset Management LLC raised its stake in shares of iShares Silver Trust by 7.7% in the third quarter. Tucker Asset Management LLC now owns 62,513 shares of the exchange traded fund’s stock worth $3,408,000 after purchasing an additional 4,470 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $46.87 on Friday. The company has a market cap of $25.23 billion, a P/E ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a 1 year low of $43.51 and a 1 year high of $109.83. The stock’s fifty day moving average price is $54.22 and its 200-day moving average price is $63.47.

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.