Fifth Third Securities Inc. Cuts Position in iShares Silver Trust (NYSEARCA:SLV)

Fifth Third Securities Inc. lessened its holdings in iShares Silver Trust (NYSEARCA:SLV) by 23.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,759 shares of the exchange traded fund’s stock after selling 40,417 shares during the period. Fifth Third Securities Inc.’s holdings in iShares Silver Trust were worth $3,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SLV. Eagle Bay Advisors LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at approximately $25,000. Key Client Fiduciary Advisors LLC boosted its position in iShares Silver Trust by 406.5% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 4,825 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of iShares Silver Trust during the third quarter worth about $28,000. Jamison Private Wealth Management Inc. bought a new stake in iShares Silver Trust during the 3rd quarter valued at approximately $31,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of iShares Silver Trust in the 4th quarter worth approximately $35,000.

iShares Silver Trust Stock Up 2.6 %

Shares of NYSEARCA SLV opened at $28.72 on Friday. The firm has a market cap of $13.48 billion, a P/E ratio of -7.01 and a beta of 0.43. The company has a 50 day moving average of $27.62 and a 200 day moving average of $27.66. iShares Silver Trust has a twelve month low of $20.11 and a twelve month high of $31.80.

iShares Silver Trust Company Profile

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.