New Potomac Partners LLC cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,266 shares of the exchange traded fund’s stock after selling 1,500 shares during the period. New Potomac Partners LLC’s holdings in iShares Silver Trust were worth $1,204,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Marshall Wace LLP increased its stake in shares of iShares Silver Trust by 2,340.0% in the 4th quarter. Marshall Wace LLP now owns 1,131,200 shares of the exchange traded fund’s stock worth $24,909,000 after purchasing an additional 1,181,700 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of iShares Silver Trust in the 1st quarter worth $26,492,000. Wellington Management Group LLP increased its stake in shares of iShares Silver Trust by 48.0% in the 1st quarter. Wellington Management Group LLP now owns 2,711,172 shares of the exchange traded fund’s stock worth $62,032,000 after purchasing an additional 879,524 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of iShares Silver Trust in the 2nd quarter worth $13,481,000. Finally, Kraft Davis & Associates LLC purchased a new stake in iShares Silver Trust in the 2nd quarter worth $10,749,000.
iShares Silver Trust Trading Up 1.1 %
Shares of SLV stock opened at $22.75 on Friday. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $23.94. The stock has a fifty day simple moving average of $21.48 and a two-hundred day simple moving average of $21.32.
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.
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