Crescent Grove Advisors LLC Cuts Holdings in iShares Silver Trust $SLV

Crescent Grove Advisors LLC decreased its stake in iShares Silver Trust (NYSEARCA:SLV) by 65.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,877 shares of the exchange traded fund’s stock after selling 40,846 shares during the period. Crescent Grove Advisors LLC’s holdings in iShares Silver Trust were worth $1,491,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in iShares Silver Trust during the first quarter valued at approximately $2,762,000. Ameliora Wealth Management Ltd. lifted its holdings in shares of iShares Silver Trust by 15.4% in the 4th quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after acquiring an additional 11,563 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of iShares Silver Trust by 33.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after purchasing an additional 9,391 shares in the last quarter. Finer Wealth Management Inc. purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at $709,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of iShares Silver Trust by 47.8% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock valued at $1,869,000 after purchasing an additional 9,384 shares during the last quarter.

iShares Silver Trust Stock Performance

SLV stock opened at $50.78 on Friday. The firm has a market cap of $27.12 billion, a P/E ratio of -8.51 and a beta of 0.49. The firm’s fifty day moving average is $61.51 and its 200 day moving average is $69.32. iShares Silver Trust has a 52 week low of $33.10 and a 52 week high of $109.83.

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.