Essex Financial Services Inc. Reduces Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Essex Financial Services Inc. decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,219 shares of the exchange traded fund’s stock after selling 1,592 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares Silver Trust were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of iShares Silver Trust during the third quarter worth $91,122,000. Bank of Montreal Can increased its holdings in shares of iShares Silver Trust by 258.4% during the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after buying an additional 1,370,298 shares during the last quarter. DRW Securities LLC raised its position in shares of iShares Silver Trust by 1,019.8% in the 3rd quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock worth $19,598,000 after buying an additional 764,813 shares during the period. RIA Advisory Group LLC purchased a new position in shares of iShares Silver Trust in the 3rd quarter worth $20,773,000. Finally, International Assets Investment Management LLC boosted its holdings in iShares Silver Trust by 3,449.3% in the third quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after acquiring an additional 524,609 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $29.34 on Thursday. The business has a 50-day moving average of $27.82 and a two-hundred day moving average of $27.81. The firm has a market capitalization of $13.77 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12 month low of $20.11 and a 12 month 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.