Briaud Financial Planning Inc Reduces Stake in iShares Silver Trust (NYSEARCA:SLV)

Briaud Financial Planning Inc lowered its holdings in iShares Silver Trust (NYSEARCA:SLV) by 8.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,081 shares of the exchange traded fund’s stock after selling 983 shares during the quarter. iShares Silver Trust comprises 0.1% of Briaud Financial Planning Inc’s investment portfolio, making the stock its 23rd biggest holding. Briaud Financial Planning Inc’s holdings in iShares Silver Trust were worth $291,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SLV. Eagle Bay Advisors LLC purchased a new position in iShares Silver Trust during the 4th quarter worth approximately $25,000. Key Client Fiduciary Advisors LLC grew its stake in iShares Silver Trust by 406.5% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 4,825 shares during the last quarter. McClarren Financial Advisors Inc. grew its stake in iShares Silver Trust by 3,471.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 972 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in iShares Silver Trust during the 4th quarter worth approximately $29,000. Finally, Smartleaf Asset Management LLC grew its stake in iShares Silver Trust by 671.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 1,115 shares during the last quarter.

iShares Silver Trust Stock Down 1.6 %

NYSEARCA:SLV opened at $29.11 on Tuesday. The stock’s 50 day moving average price is $28.37 and its 200 day moving average price is $28.25. The company has a market capitalization of $13.90 billion, a PE ratio of -8.33 and a beta of 0.74. iShares Silver Trust has a 52-week low of $21.97 and a 52-week high of $31.80.

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.