PNC Financial Services Group Inc. cut its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,415 shares of the exchange traded fund’s stock after selling 5,935 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Silver Trust were worth $4,038,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. City State Bank raised its position in iShares Silver Trust by 9.7% during the 4th quarter. City State Bank now owns 5,680 shares of the exchange traded fund’s stock valued at $124,000 after purchasing an additional 500 shares in the last quarter. Grant GrossMendelsohn LLC lifted its stake in iShares Silver Trust by 4.4% in the fourth quarter. Grant GrossMendelsohn LLC now owns 12,100 shares of the exchange traded fund’s stock worth $252,000 after acquiring an additional 505 shares during the period. Van Hulzen Asset Management LLC grew its holdings in iShares Silver Trust by 1.5% during the 4th quarter. Van Hulzen Asset Management LLC now owns 37,776 shares of the exchange traded fund’s stock worth $823,000 after acquiring an additional 570 shares in the last quarter. Private Trust Co. NA increased its position in iShares Silver Trust by 17.9% during the 4th quarter. Private Trust Co. NA now owns 3,893 shares of the exchange traded fund’s stock valued at $85,000 after purchasing an additional 591 shares during the period. Finally, Lesa Sroufe & Co raised its holdings in shares of iShares Silver Trust by 0.5% in the 4th quarter. Lesa Sroufe & Co now owns 132,099 shares of the exchange traded fund’s stock valued at $2,877,000 after purchasing an additional 661 shares in the last quarter.
iShares Silver Trust Stock Performance
Shares of SLV opened at $26.96 on Thursday. The stock has a market capitalization of $12.65 billion, a PE ratio of -7.01 and a beta of 0.43. The company has a 50 day moving average price of $26.53 and a 200-day moving average price of $23.44. iShares Silver Trust has a fifty-two week low of $18.97 and a fifty-two week high of $29.56.
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.
Further Reading
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