Bank of America Corp DE Has $579.04 Million Stake in iShares Silver Trust $SLV

Bank of America Corp DE reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 19.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,497,856 shares of the exchange traded fund’s stock after selling 2,019,963 shares during the quarter. Bank of America Corp DE’s holdings in iShares Silver Trust were worth $579,044,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares during the last quarter. Bison Wealth LLC acquired a new stake in iShares Silver Trust in the 4th quarter valued at about $238,000. Capstone Wealth Management Group LLC acquired a new stake in iShares Silver Trust in the 1st quarter valued at about $443,000. Schnieders Capital Management LLC. grew its holdings in iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares during the period. Finally, First Trust Advisors LP bought a new position in iShares Silver Trust during the second quarter worth about $886,000.

iShares Silver Trust Stock Down 2.1%

Shares of NYSEARCA SLV opened at $52.36 on Friday. The business’s 50 day moving average price is $57.53 and its two-hundred day moving average price is $68.20. The company has a market cap of $27.97 billion, a PE ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a twelve month low of $33.10 and a twelve month high of $109.83.

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.