Simmons Bank Trims Stock Holdings in iShares Silver Trust $SLV

Simmons Bank decreased its position in iShares Silver Trust (NYSEARCA:SLVFree Report) by 43.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,749 shares of the exchange traded fund’s stock after selling 25,586 shares during the period. Simmons Bank’s holdings in iShares Silver Trust were worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its stake in iShares Silver Trust by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after acquiring an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. raised its stake in iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after acquiring an additional 573,660 shares during the last quarter. Mainstay Capital Management LLC ADV raised its stake in iShares Silver Trust by 82.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after acquiring an additional 824,589 shares during the last quarter. HighTower Advisors LLC raised its stake in iShares Silver Trust by 5.7% in the 3rd quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock worth $74,153,000 after acquiring an additional 94,521 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in iShares Silver Trust by 20.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after acquiring an additional 273,913 shares during the last quarter.

Key Stories Impacting iShares Silver Trust

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Price Performance

Shares of SLV stock opened at $75.51 on Friday. The firm has a market capitalization of $42.74 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The business has a fifty day moving average of $69.96 and a 200 day moving average of $66.58. iShares Silver Trust has a 1 year low of $29.09 and a 1 year high of $109.83.

iShares Silver Trust Company Profile

(Free Report)

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

Further Reading

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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