iShares Silver Trust $SLV Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. cut its position in iShares Silver Trust (NYSEARCA:SLV) by 82.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,276 shares of the exchange traded fund’s stock after selling 24,213 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in iShares Silver Trust were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of iShares Silver Trust during the first quarter valued at about $2,762,000. Concurrent Investment Advisors LLC lifted its holdings in iShares Silver Trust by 32.9% in the second quarter. Concurrent Investment Advisors LLC now owns 102,777 shares of the exchange traded fund’s stock worth $5,495,000 after purchasing an additional 25,431 shares during the period. Tudor Financial Inc. lifted its holdings in iShares Silver Trust by 265.8% in the second quarter. Tudor Financial Inc. now owns 23,928 shares of the exchange traded fund’s stock worth $1,279,000 after purchasing an additional 17,387 shares during the period. Highland Investment Advisors LLC bought a new position in iShares Silver Trust in the 2nd quarter valued at about $746,000. Finally, Renaissance Technologies LLC bought a new position in iShares Silver Trust in the 1st quarter valued at about $7,437,000.

iShares Silver Trust Stock Down 5.9%

iShares Silver Trust stock traded down $3.17 during trading hours on Wednesday, hitting $50.32. 24,000,100 shares of the company traded hands, compared to its average volume of 44,913,457. The firm has a market cap of $27.08 billion, a P/E ratio of -8.51 and a beta of 0.51. The firm’s 50-day simple moving average is $58.12 and its two-hundred day simple moving average is $60.97. iShares Silver Trust has a 1-year low of $41.70 and a 1-year high of $109.83.

iShares Silver Trust Company 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.