D.A. Davidson & CO. Decreases Stock Position in iShares Silver Trust $SLV

D.A. Davidson & CO. lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 11.4% in the first quarter, Holdings Channel.com reports. The firm owned 143,852 shares of the exchange traded fund’s stock after selling 18,464 shares during the period. D.A. Davidson & CO.’s holdings in iShares Silver Trust were worth $9,802,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of iShares Silver Trust during the first quarter valued at approximately $2,762,000. Ameliora Wealth Management Ltd. grew its holdings in iShares Silver Trust by 15.4% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after buying an additional 11,563 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in iShares Silver Trust by 33.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after acquiring an additional 9,391 shares during the period. Finer Wealth Management Inc. acquired a new stake in iShares Silver Trust in the 4th quarter valued at approximately $709,000. Finally, Sound Income Strategies LLC raised its stake in iShares Silver Trust by 268.2% during the 4th quarter. Sound Income Strategies LLC now owns 25,112 shares of the exchange traded fund’s stock valued at $1,618,000 after acquiring an additional 18,291 shares in the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $50.78 on Friday. iShares Silver Trust has a 1 year low of $33.10 and a 1 year high of $109.83. The stock has a market cap of $27.12 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. The business has a fifty day moving average of $61.51 and a 200-day moving average of $69.32.

iShares Silver Trust 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. 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.