iShares Silver Trust $SLV Stock Position Reduced by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its position in iShares Silver Trust (NYSEARCA:SLV) by 36.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,655 shares of the exchange traded fund’s stock after selling 14,157 shares during the quarter. Glenmede Trust Co. NA’s holdings in iShares Silver Trust were worth $1,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. lifted its position 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 during the last quarter. Ameriprise Financial Inc. grew 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 during the last quarter. Bank of Montreal Can grew its position in shares of iShares Silver Trust by 505.8% during 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 buying an additional 1,852,688 shares during the last quarter. Tableaux LLC acquired a new stake in iShares Silver Trust during the fourth quarter worth about $133,233,000. Finally, Mainstay Capital Management LLC ADV raised its stake in iShares Silver Trust by 82.5% during 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 during the period.

iShares Silver Trust Stock Up 4.1%

Shares of NYSEARCA SLV opened at $56.07 on Thursday. The firm’s 50-day moving average price is $56.66 and its two-hundred day moving average price is $67.55. iShares Silver Trust has a 52-week low of $33.85 and a 52-week high of $109.83. The stock has a market capitalization of $29.95 billion, a P/E ratio of -8.51 and a beta of 0.50.

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.