Tepp RIA LLC Cuts Stock Position in iShares Silver Trust $SLV

Tepp RIA LLC lessened its holdings in iShares Silver Trust (NYSEARCA:SLV) by 73.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,752 shares of the exchange traded fund’s stock after selling 49,916 shares during the period. iShares Silver Trust makes up about 0.9% of Tepp RIA LLC’s investment portfolio, making the stock its 18th largest position. Tepp RIA LLC’s holdings in iShares Silver Trust were worth $1,210,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. grew its stake in shares of 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 buying an additional 313,816 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after buying an additional 573,660 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of iShares Silver Trust by 505.8% in the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after acquiring an additional 1,852,688 shares during the last quarter. Tableaux LLC bought a new position in shares of iShares Silver Trust in the 4th quarter valued at about $133,233,000. Finally, Mainstay Capital Management LLC ADV grew its position in iShares Silver Trust by 82.5% in the fourth 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 in the last quarter.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $53.28 on Monday. iShares Silver Trust has a 1 year low of $32.53 and a 1 year high of $109.83. The stock’s 50 day simple moving average is $66.30 and its two-hundred day simple moving average is $70.17. The company has a market cap of $30.16 billion, a PE ratio of -8.51 and a beta of 0.45.

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. 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.