Oppenheimer & Co. Inc. Sells 18,483 Shares of iShares Silver Trust $SLV

Oppenheimer & Co. Inc. trimmed its holdings in iShares Silver Trust (NYSEARCA:SLV) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 203,378 shares of the exchange traded fund’s stock after selling 18,483 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares Silver Trust were worth $11,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Krilogy Financial LLC increased its holdings in shares of iShares Silver Trust by 2,435.1% in the third quarter. Krilogy Financial LLC now owns 201,515 shares of the exchange traded fund’s stock valued at $10,952,000 after purchasing an additional 193,566 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of iShares Silver Trust during the 1st quarter worth about $12,828,000. Independent Financial Group LLC bought a new stake in shares of iShares Silver Trust during the 1st quarter worth about $10,909,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of iShares Silver Trust by 151.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 237,278 shares of the exchange traded fund’s stock worth $12,687,000 after buying an additional 142,978 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of iShares Silver Trust by 127.1% during the 1st quarter. Fifth Third Bancorp now owns 216,059 shares of the exchange traded fund’s stock worth $14,722,000 after buying an additional 120,920 shares during the period.

iShares Silver Trust Stock Performance

Shares of SLV opened at $49.16 on Wednesday. iShares Silver Trust has a 52 week low of $42.23 and a 52 week high of $109.83. The firm has a market cap of $26.46 billion, a P/E ratio of -8.51 and a beta of 0.51. The firm’s 50-day simple moving average is $56.58 and its 200 day simple moving average is $64.77.

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.