Clifford Swan Investment Counsel LLC Sells 21,047 Shares of iShares Silver Trust $SLV

Clifford Swan Investment Counsel LLC trimmed its holdings in iShares Silver Trust (NYSEARCA:SLV) by 54.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,881 shares of the exchange traded fund’s stock after selling 21,047 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in iShares Silver Trust were worth $1,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its stake in iShares Silver Trust by 9.2% in the fourth 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 during the period. Bison Wealth LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at $238,000. Capstone Wealth Management Group LLC purchased a new stake in shares of iShares Silver Trust during the first quarter valued at $443,000. Schnieders Capital Management LLC. grew its holdings in shares of iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in iShares Silver Trust in the 2nd quarter worth about $886,000.

iShares Silver Trust Price Performance

Shares of SLV opened at $50.78 on Friday. iShares Silver Trust has a 1-year low of $33.10 and a 1-year high of $109.83. The company has a 50-day moving average of $61.51 and a 200 day moving average of $69.32. The firm has a market capitalization of $27.12 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

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. 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.