Pineridge Advisors LLC Lowers Position in iShares Silver Trust (NYSEARCA:SLV)

Pineridge Advisors LLC decreased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 95.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,819 shares of the exchange traded fund’s stock after selling 161,047 shares during the quarter. Pineridge Advisors LLC’s holdings in iShares Silver Trust were worth $206,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Eagle Bay Advisors LLC purchased a new position in shares of iShares Silver Trust during the fourth quarter valued at about $25,000. Spartan Fund Management Inc. purchased a new stake in shares of iShares Silver Trust in the third quarter worth about $28,000. Jamison Private Wealth Management Inc. bought a new position in iShares Silver Trust during the third quarter valued at approximately $31,000. Hantz Financial Services Inc. purchased a new position in iShares Silver Trust during the 4th quarter valued at approximately $35,000. Finally, Belmont Capital LLC increased its stake in iShares Silver Trust by 53.6% in the 3rd quarter. Belmont Capital LLC now owns 1,501 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 524 shares during the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $29.20 on Tuesday. The stock has a 50 day moving average price of $27.79 and a 200-day moving average price of $27.77. iShares Silver Trust has a one year low of $20.11 and a one year high of $31.80. The company has a market capitalization of $13.71 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.