Comerica Bank Has $1.69 Million Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Comerica Bank cut its holdings in iShares Silver Trust (NYSEARCA:SLV) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,125 shares of the exchange traded fund’s stock after selling 9,054 shares during the quarter. Comerica Bank’s holdings in iShares Silver Trust were worth $1,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLV. Eagle Bay Advisors LLC bought a new position in shares of iShares Silver Trust in the 4th quarter valued at $25,000. Key Client Fiduciary Advisors LLC boosted its stake in shares of iShares Silver Trust by 406.5% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 4,825 shares in the last quarter. McClarren Financial Advisors Inc. grew its holdings in shares of iShares Silver Trust by 3,471.4% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 972 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of iShares Silver Trust in the fourth quarter valued at approximately $29,000. Finally, Smartleaf Asset Management LLC raised its holdings in iShares Silver Trust by 671.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 1,115 shares during the last quarter.

iShares Silver Trust Price Performance

SLV opened at $29.80 on Friday. The company’s 50 day moving average price is $29.68 and its two-hundred day moving average price is $28.80. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of -8.54 and a beta of 0.59. iShares Silver Trust has a fifty-two week low of $24.25 and a fifty-two week high of $31.80.

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.