Cypress Capital Group Sells 60,276 Shares of iShares Silver Trust $SLV

Cypress Capital Group cut its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 26.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,822 shares of the exchange traded fund’s stock after selling 60,276 shares during the quarter. iShares Silver Trust makes up approximately 1.3% of Cypress Capital Group’s portfolio, making the stock its 23rd largest holding. Cypress Capital Group’s holdings in iShares Silver Trust were worth $11,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management bought a new position in iShares Silver Trust in the 4th quarter worth approximately $32,000. Redwood Park Advisors LLC grew its stake in iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares in the last quarter. Sfam LLC purchased a new position in iShares Silver Trust in the 4th quarter valued at approximately $33,000. Finally, BOK Financial Private Wealth Inc. bought a new stake in iShares Silver Trust during the 4th quarter valued at $34,000.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $52.59 on Friday. iShares Silver Trust has a 1 year low of $33.10 and a 1 year high of $109.83. The company’s fifty day simple moving average is $59.15 and its two-hundred day simple moving average is $68.86. The stock has a market capitalization of $28.09 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

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.