Kovack Advisors Inc. Sells 8,580 Shares of iShares Silver Trust (NYSEARCA:SLV)

Kovack Advisors Inc. decreased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 20.3% in the fourth quarter, Holdings Channel reports. The firm owned 33,738 shares of the exchange traded fund’s stock after selling 8,580 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Silver Trust were worth $888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SLV. Pettinga Financial Advisors LLC boosted its position in shares of iShares Silver Trust by 0.6% during the third quarter. Pettinga Financial Advisors LLC now owns 108,860 shares of the exchange traded fund’s stock valued at $3,093,000 after buying an additional 658 shares during the last quarter. Strategic Blueprint LLC lifted its stake in iShares Silver Trust by 8.4% during the 3rd quarter. Strategic Blueprint LLC now owns 9,192 shares of the exchange traded fund’s stock valued at $261,000 after acquiring an additional 713 shares during the period. Great Diamond Partners LLC purchased a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $324,000. SteelPeak Wealth LLC bought a new stake in shares of iShares Silver Trust in the third quarter worth approximately $208,000. Finally, US Bancorp DE grew its stake in shares of iShares Silver Trust by 21.2% in the third quarter. US Bancorp DE now owns 99,123 shares of the exchange traded fund’s stock worth $2,816,000 after acquiring an additional 17,345 shares during the period.

iShares Silver Trust Stock Down 1.9 %

Shares of iShares Silver Trust stock opened at $28.40 on Friday. iShares Silver Trust has a twelve month low of $20.45 and a twelve month high of $31.80. The company’s 50 day moving average is $28.11 and its 200 day moving average is $28.10. The company has a market cap of $13.56 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74.

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.