iShares Silver Trust (NYSEARCA:SLV) Shares Sold by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV lessened its position in iShares Silver Trust (NYSEARCA:SLV) by 20.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,213 shares of the exchange traded fund’s stock after selling 2,591 shares during the period. Mainstay Capital Management LLC ADV’s holdings in iShares Silver Trust were worth $290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NWI Management LP lifted its position in iShares Silver Trust by 10,526.6% in the first quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after purchasing an additional 5,263,305 shares during the period. Meitav Investment House Ltd. acquired a new stake in shares of iShares Silver Trust in the 2nd quarter valued at approximately $45,688,000. Cetera Investment Advisers boosted its stake in shares of iShares Silver Trust by 842.7% in the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock valued at $18,581,000 after buying an additional 730,121 shares in the last quarter. RIA Advisory Group LLC raised its position in iShares Silver Trust by 3,532.2% in the first quarter. RIA Advisory Group LLC now owns 737,854 shares of the exchange traded fund’s stock worth $16,786,000 after acquiring an additional 717,540 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position 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 worth $15,336,000 after acquiring an additional 524,609 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $30.68 on Friday. The company’s fifty day moving average is $27.96 and its two-hundred day moving average is $27.03. The firm has a market capitalization of $14.40 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a one year low of $20.07 and a one year 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.