Nations Financial Group Inc. IA ADV Sells 76,450 Shares of iShares Silver Trust $SLV

Nations Financial Group Inc. IA ADV decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 42.1% in the 1st quarter, HoldingsChannel reports. The fund owned 105,343 shares of the exchange traded fund’s stock after selling 76,450 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in iShares Silver Trust were worth $7,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC acquired a new stake in iShares Silver Trust during the fourth quarter worth $238,000. Capstone Wealth Management Group LLC bought a new stake in iShares Silver Trust in the 1st quarter valued at $443,000. Schnieders Capital Management LLC. increased its holdings in iShares Silver Trust by 15.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 1,300 shares during the period. Finally, First Trust Advisors LP bought a new stake in iShares Silver Trust in the 2nd quarter valued at $886,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $59.51 on Friday. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83. The stock has a market cap of $33.68 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The firm has a fifty day moving average of $67.85 and a 200-day moving average of $69.98.

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.