Daiwa Securities Group Inc. Cuts Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Daiwa Securities Group Inc. trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,850 shares of the exchange traded fund’s stock after selling 8,300 shares during the period. Daiwa Securities Group Inc.’s holdings in iShares Silver Trust were worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new stake in shares of iShares Silver Trust during the third quarter valued at approximately $70,000. Trust Co. of Vermont increased its stake in iShares Silver Trust by 88.4% during the 3rd quarter. Trust Co. of Vermont now owns 8,525 shares of the exchange traded fund’s stock worth $173,000 after buying an additional 4,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in iShares Silver Trust by 11.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock worth $28,288,000 after buying an additional 132,729 shares in the last quarter. International Assets Investment Management LLC boosted its position in iShares Silver Trust by 2,203.2% in the 4th quarter. International Assets Investment Management LLC now owns 236,727 shares of the exchange traded fund’s stock valued at $5,156,000 after buying an additional 226,449 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of iShares Silver Trust by 74.5% during the fourth quarter. CoreCap Advisors LLC now owns 30,225 shares of the exchange traded fund’s stock valued at $658,000 after acquiring an additional 12,907 shares in the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $25.06 on Friday. The stock has a market cap of $11.89 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46. iShares Silver Trust has a one year low of $18.97 and a one year high of $27.24. The business’s 50-day simple moving average is $23.11 and its 200 day simple moving average is $21.90.

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.