iShares Silver Trust (NYSEARCA:SLV) Shares Sold by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC lessened its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 8.5% during the fourth quarter, HoldingsChannel reports. The firm owned 469,829 shares of the exchange traded fund’s stock after selling 43,560 shares during the period. iShares Silver Trust accounts for 2.9% of Kraft Davis & Associates LLC’s portfolio, making the stock its 13th largest position. Kraft Davis & Associates LLC’s holdings in iShares Silver Trust were worth $9,787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLV. Marshall Wace LLP lifted its stake in shares of iShares Silver Trust by 2,340.0% during the fourth quarter. Marshall Wace LLP now owns 1,131,200 shares of the exchange traded fund’s stock worth $24,909,000 after purchasing an additional 1,181,700 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of iShares Silver Trust in the first quarter worth about $26,492,000. Wellington Management Group LLP lifted its stake in shares of iShares Silver Trust by 48.0% in the first quarter. Wellington Management Group LLP now owns 2,711,172 shares of the exchange traded fund’s stock worth $62,032,000 after acquiring an additional 879,524 shares in the last quarter. Frontier Wealth Management LLC lifted its stake in shares of iShares Silver Trust by 1,244.0% in the first quarter. Frontier Wealth Management LLC now owns 557,712 shares of the exchange traded fund’s stock worth $13,090,000 after acquiring an additional 516,217 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in iShares Silver Trust by 27.5% during the fourth quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after buying an additional 397,836 shares in the last quarter.

iShares Silver Trust Trading Up 1.4 %

NYSEARCA SLV traded up $0.35 on Friday, hitting $26.21. 29,297,922 shares of the stock traded hands, compared to its average volume of 23,549,145. The stock has a 50-day moving average of $22.84 and a 200 day moving average of $21.77. iShares Silver Trust has a twelve month low of $18.97 and a twelve month high of $27.24. The company has a market capitalization of $12.44 billion, a P/E ratio of -7.62 and a beta of 0.46.

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.