LPL Financial LLC trimmed its position in iShares Silver Trust (NYSEARCA:SLV) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,277,038 shares of the exchange traded fund’s stock after selling 83,895 shares during the quarter. LPL Financial LLC owned approximately 0.38% of iShares Silver Trust worth $20,420,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. IFG Advisory LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at $210,000. Tower Research Capital LLC TRC raised its holdings in shares of iShares Silver Trust by 277.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,415 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 4,715 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in iShares Silver Trust during the 3rd quarter worth $133,000. Sowell Financial Services LLC acquired a new stake in iShares Silver Trust during the 3rd quarter worth $166,000. Finally, Allen Capital Group LLC acquired a new stake in iShares Silver Trust during the 4th quarter worth $167,000.
Shares of iShares Silver Trust (SLV) opened at $15.39 on Friday. iShares Silver Trust has a one year low of $14.44 and a one year high of $17.59. The company has a market cap of $5,220.00 and a price-to-earnings ratio of -6.47.
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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.
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