PFG Investments LLC Sells 1,091 Shares of iShares Silver Trust $SLV

PFG Investments LLC reduced its stake in iShares Silver Trust (NYSEARCA:SLV) by 2.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 36,761 shares of the exchange traded fund’s stock after selling 1,091 shares during the quarter. PFG Investments LLC’s holdings in iShares Silver Trust were worth $1,206,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC bought a new stake in iShares Silver Trust during the fourth quarter worth about $238,000. GAMMA Investing LLC acquired a new stake in iShares Silver Trust during the first quarter worth about $1,366,000. NBC Securities Inc. grew its stake in iShares Silver Trust by 107,100.0% during the first quarter. NBC Securities Inc. now owns 7,504 shares of the exchange traded fund’s stock worth $232,000 after buying an additional 7,497 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in iShares Silver Trust by 16.4% in the 1st quarter. Merit Financial Group LLC now owns 23,143 shares of the exchange traded fund’s stock valued at $717,000 after buying an additional 3,269 shares during the period.

iShares Silver Trust Trading Down 0.9%

Shares of NYSEARCA:SLV opened at $42.53 on Friday. The firm has a 50 day moving average of $36.74 and a 200-day moving average of $33.14. iShares Silver Trust has a 12 month low of $26.19 and a 12 month high of $43.59. The stock has a market capitalization of $22.83 billion, a PE ratio of -8.51 and a beta of 0.59.

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.