iShares Silver Trust (NYSEARCA:SLV) Holdings Cut by Sound Income Strategies LLC

Sound Income Strategies LLC cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 9.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,896 shares of the exchange traded fund’s stock after selling 580 shares during the quarter. Sound Income Strategies LLC’s holdings in iShares Silver Trust were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SLV. Quadrature Capital Ltd bought a new position in iShares Silver Trust in the 3rd quarter worth about $91,122,000. Bank of Montreal Can grew its holdings in iShares Silver Trust by 258.4% in the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after buying an additional 1,370,298 shares in the last quarter. DRW Securities LLC increased its position in iShares Silver Trust by 1,019.8% in the 3rd quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock valued at $19,598,000 after acquiring an additional 764,813 shares during the period. RIA Advisory Group LLC bought a new stake in iShares Silver Trust during the 3rd quarter valued at $20,773,000. Finally, International Assets Investment Management LLC boosted its position in iShares Silver Trust by 3,449.3% during the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock worth $15,336,000 after acquiring an additional 524,609 shares during the period.

iShares Silver Trust Stock Performance

Shares of SLV opened at $27.91 on Friday. iShares Silver Trust has a one year low of $20.11 and a one year high of $31.80. The stock’s fifty day moving average is $27.64 and its 200-day moving average is $27.67. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.