Broussard Financial Group LLC Sells 22,525 Shares of iShares Silver Trust $SLV

Broussard Financial Group LLC trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 30.6% in the first quarter, HoldingsChannel reports. The firm owned 51,082 shares of the exchange traded fund’s stock after selling 22,525 shares during the period. iShares Silver Trust makes up 2.8% of Broussard Financial Group LLC’s portfolio, making the stock its 12th biggest position. Broussard Financial Group LLC’s holdings in iShares Silver Trust were worth $3,481,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. lifted its position in iShares Silver Trust by 36.1% during the 1st quarter. Duncker Streett & Co. Inc. now owns 1,607 shares of the exchange traded fund’s stock worth $110,000 after buying an additional 426 shares in the last quarter. Hoey Investments Inc. increased its position in iShares Silver Trust by 29.4% in the 1st quarter. Hoey Investments Inc. now owns 46,184 shares of the exchange traded fund’s stock valued at $3,147,000 after acquiring an additional 10,485 shares in the last quarter. Clare Market Investments LLC acquired a new stake in iShares Silver Trust in the 1st quarter valued at about $2,495,000. Integrated Advisors Network LLC raised its stake in shares of iShares Silver Trust by 4.9% in the first quarter. Integrated Advisors Network LLC now owns 62,357 shares of the exchange traded fund’s stock worth $4,249,000 after acquiring an additional 2,906 shares during the last quarter. Finally, Interactive Financial Advisors Inc. raised its stake in shares of iShares Silver Trust by 2.5% in the first quarter. Interactive Financial Advisors Inc. now owns 6,685 shares of the exchange traded fund’s stock worth $456,000 after acquiring an additional 164 shares during the last quarter.

iShares Silver Trust Trading Down 2.9%

Shares of SLV stock opened at $54.46 on Wednesday. iShares Silver Trust has a 1 year low of $32.96 and a 1 year high of $109.83. The firm’s 50 day moving average is $64.05 and its 200-day moving average is $70.02. The firm has a market capitalization of $29.09 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

iShares Silver Trust Company 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. 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.