Bank of Montreal Can Decreases Position in iShares Silver Trust (NYSEARCA:SLV)

Bank of Montreal Can trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 90.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,788 shares of the exchange traded fund’s stock after selling 1,710,891 shares during the quarter. Bank of Montreal Can’s holdings in iShares Silver Trust were worth $4,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prosperity Financial Group Inc. grew its stake in shares of iShares Silver Trust by 3.6% during the fourth quarter. Prosperity Financial Group Inc. now owns 9,972 shares of the exchange traded fund’s stock worth $263,000 after acquiring an additional 349 shares during the last quarter. Banco BTG Pactual S.A. boosted its stake in iShares Silver Trust by 0.3% in the 4th quarter. Banco BTG Pactual S.A. now owns 119,560 shares of the exchange traded fund’s stock worth $3,220,000 after purchasing an additional 350 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in iShares Silver Trust by 4.3% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 8,838 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 364 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its stake in iShares Silver Trust by 4.6% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,472 shares of the exchange traded fund’s stock valued at $223,000 after purchasing an additional 372 shares in the last quarter. Finally, Strategic Blueprint LLC raised its holdings in shares of iShares Silver Trust by 4.3% in the fourth quarter. Strategic Blueprint LLC now owns 9,584 shares of the exchange traded fund’s stock worth $252,000 after buying an additional 392 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of SLV opened at $29.38 on Tuesday. The company’s fifty day moving average price is $29.48 and its 200-day moving average price is $28.72. iShares Silver Trust has a 1-year low of $23.87 and a 1-year high of $31.80. The firm has a market capitalization of $14.47 billion, a PE ratio of -8.96 and a beta of 0.59.

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.