MONECO Advisors LLC Decreases Stake in iShares Silver Trust (NYSEARCA:SLV)

MONECO Advisors LLC lowered its stake in iShares Silver Trust (NYSEARCA:SLV) by 85.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,283 shares of the exchange traded fund’s stock after selling 87,372 shares during the period. MONECO Advisors LLC’s holdings in iShares Silver Trust were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of iShares Silver Trust in the third quarter worth $91,122,000. Toronto Dominion Bank increased its stake in shares of iShares Silver Trust by 18.6% in the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after acquiring an additional 358,806 shares during the period. Bank of Montreal Can increased its stake in shares of iShares Silver Trust by 258.4% in the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after acquiring an additional 1,370,298 shares during the period. MML Investors Services LLC increased its stake in shares of iShares Silver Trust by 3.6% in the third quarter. MML Investors Services LLC now owns 765,406 shares of the exchange traded fund’s stock worth $21,745,000 after acquiring an additional 26,281 shares during the period. Finally, Cadence Wealth Management LLC increased its stake in shares of iShares Silver Trust by 26.2% in the third quarter. Cadence Wealth Management LLC now owns 760,065 shares of the exchange traded fund’s stock worth $21,593,000 after acquiring an additional 158,016 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $29.44 on Tuesday. The firm has a market capitalization of $13.82 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 1-year low of $20.45 and a 1-year high of $31.80. The company’s fifty day moving average price is $28.01 and its 200-day moving average price is $28.06.

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.