United Capital Financial Advisors LLC Sells 2,270 Shares of iShares Silver Trust (NYSEARCA:SLV)

United Capital Financial Advisors LLC trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 20.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,578 shares of the exchange traded fund’s stock after selling 2,270 shares during the quarter. United Capital Financial Advisors LLC’s holdings in iShares Silver Trust were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SLV. Raymond James Financial Inc. purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at $57,303,000. Proficio Capital Partners LLC boosted its holdings in shares of iShares Silver Trust by 715.2% during the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after acquiring an additional 1,858,658 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of iShares Silver Trust by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,939,706 shares of the exchange traded fund’s stock worth $51,072,000 after acquiring an additional 63,810 shares during the period. Bank of Nova Scotia raised its holdings in shares of iShares Silver Trust by 560.6% during the fourth quarter. Bank of Nova Scotia now owns 1,180,797 shares of the exchange traded fund’s stock valued at $31,090,000 after purchasing an additional 1,002,050 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in iShares Silver Trust by 29.8% in the fourth quarter. Bank of New York Mellon Corp now owns 760,146 shares of the exchange traded fund’s stock worth $20,015,000 after purchasing an additional 174,501 shares during the last quarter.

iShares Silver Trust Trading Up 0.8 %

Shares of SLV opened at $29.79 on Tuesday. The firm has a market cap of $14.85 billion, a PE ratio of -8.54 and a beta of 0.59. iShares Silver Trust has a 1-year low of $23.87 and a 1-year high of $31.80. The firm has a fifty day simple moving average of $29.52 and a two-hundred day simple moving average of $28.74.

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.