Comerica Bank Sells 10,190 Shares of iShares Silver Trust $SLV

Comerica Bank decreased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,449 shares of the exchange traded fund’s stock after selling 10,190 shares during the quarter. Comerica Bank’s holdings in iShares Silver Trust were worth $7,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC grew its stake in iShares Silver Trust by 79.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 27,050 shares of the exchange traded fund’s stock valued at $1,743,000 after acquiring an additional 11,970 shares during the period. Aprio Wealth Management LLC lifted its holdings in shares of iShares Silver Trust by 13.4% in the fourth quarter. Aprio Wealth Management LLC now owns 16,954 shares of the exchange traded fund’s stock valued at $1,092,000 after purchasing an additional 2,007 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of iShares Silver Trust by 37.9% in the fourth quarter. D.A. Davidson & CO. now owns 162,316 shares of the exchange traded fund’s stock valued at $10,456,000 after purchasing an additional 44,614 shares in the last quarter. Investment Management Corp VA ADV bought a new position in shares of iShares Silver Trust in the fourth quarter valued at approximately $597,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of iShares Silver Trust by 9.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 3,771 shares of the exchange traded fund’s stock valued at $243,000 after purchasing an additional 340 shares in the last quarter.

iShares Silver Trust Stock Down 2.1%

SLV stock opened at $64.84 on Thursday. iShares Silver Trust has a twelve month low of $29.04 and a twelve month high of $109.83. The stock’s 50 day moving average is $70.97 and its 200-day moving average is $64.74. The firm has a market capitalization of $36.70 billion, a PE ratio of -8.51 and a beta of 0.52.

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.