NewEdge Advisors LLC Lowers Holdings in iShares Silver Trust $SLV

NewEdge Advisors LLC decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 17.9% during the first quarter, HoldingsChannel.com reports. The firm owned 461,272 shares of the exchange traded fund’s stock after selling 100,715 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Silver Trust were worth $31,431,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SLV. Axiom Investment Management LLC bought a new stake in shares of iShares Silver Trust during the first quarter valued at approximately $26,000. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust in the 4th quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management bought a new position in iShares Silver Trust in the 4th quarter valued at approximately $32,000. Sfam LLC purchased a new stake in iShares Silver Trust during the 4th quarter valued at $33,000. Finally, Redwood Park Advisors LLC boosted its stake in iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter.

iShares Silver Trust Trading Up 3.0%

iShares Silver Trust stock opened at $57.50 on Friday. iShares Silver Trust has a 12 month low of $33.85 and a 12 month high of $109.83. The stock has a fifty day simple moving average of $56.20 and a two-hundred day simple moving average of $67.30. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50.

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.