Ion Asset Management Ltd. Sells 167,225 Shares of iShares Silver Trust $SLV

Ion Asset Management Ltd. reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 952,175 shares of the exchange traded fund’s stock after selling 167,225 shares during the period. iShares Silver Trust makes up about 4.4% of Ion Asset Management Ltd.’s portfolio, making the stock its 6th biggest holding. Ion Asset Management Ltd. owned approximately 0.18% of iShares Silver Trust worth $40,344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its position in shares of iShares Silver Trust by 12.7% during the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares during the period. Ameriprise Financial Inc. raised its stake in iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after purchasing an additional 573,660 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in iShares Silver Trust by 1.3% during the third quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock worth $85,732,000 after purchasing an additional 26,710 shares during the period. HighTower Advisors LLC grew its stake in iShares Silver Trust by 5.7% during the third quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock worth $74,153,000 after buying an additional 94,521 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in iShares Silver Trust by 20.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after buying an additional 273,913 shares during the period.

iShares Silver Trust Trading Down 5.0%

Shares of NYSEARCA:SLV opened at $72.69 on Monday. The firm has a 50 day moving average of $78.65 and a 200-day moving average of $58.49. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83. The stock has a market capitalization of $40.02 billion, a PE ratio of -8.51 and a beta of 0.38.

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. 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.