iShares Silver Trust $SLV Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP trimmed its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 47.2% during the third quarter, Holdings Channel reports. The institutional investor owned 47,600 shares of the exchange traded fund’s stock after selling 42,500 shares during the quarter. Stevens Capital Management LP’s holdings in iShares Silver Trust were worth $2,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SLV. Vantage Financial Partners LLC acquired a new stake in iShares Silver Trust in the third quarter valued at about $489,000. Wealth Enhancement Advisory Services LLC boosted its position in iShares Silver Trust by 14.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock worth $10,525,000 after purchasing an additional 30,915 shares in the last quarter. D.B. Root & Company LLC purchased a new stake in shares of iShares Silver Trust in the 3rd quarter worth about $370,000. Envestnet Asset Management Inc. grew its position in shares of iShares Silver Trust by 20.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after purchasing an additional 273,913 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC acquired a new stake in iShares Silver Trust during the 3rd quarter valued at $235,000.

iShares Silver Trust Stock Up 7.9%

NYSEARCA SLV opened at $76.62 on Friday. The business has a fifty day moving average of $74.30 and a 200-day moving average of $53.62. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $109.83. The stock has a market cap of $42.18 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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.