Oxbow Advisors LLC Reduces Holdings in iShares Silver Trust $SLV

Oxbow Advisors LLC trimmed its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 53.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 136,303 shares of the exchange traded fund’s stock after selling 158,093 shares during the quarter. iShares Silver Trust accounts for 0.8% of Oxbow Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Oxbow Advisors LLC’s holdings in iShares Silver Trust were worth $9,288,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at $30,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of iShares Silver Trust during the 4th quarter worth about $32,000. Rialto Wealth Management LLC purchased a new position in shares of iShares Silver Trust during the 4th quarter worth about $33,000. Redwood Park Advisors LLC grew its holdings in iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. Finally, Sfam LLC bought a new position in iShares Silver Trust during the 4th quarter valued at about $33,000.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $55.02 on Friday. iShares Silver Trust has a 1-year low of $32.96 and a 1-year high of $109.83. The firm has a market capitalization of $29.39 billion, a P/E ratio of -8.51 and a beta of 0.50. The company’s 50-day moving average is $64.58 and its 200 day moving average is $69.99.

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.