Newbridge Financial Services Group Inc. Decreases Stock Holdings in iShares Silver Trust (NYSEARCA:SLV)

Newbridge Financial Services Group Inc. trimmed its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 56.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,010 shares of the exchange traded fund’s stock after selling 1,315 shares during the period. Newbridge Financial Services Group Inc.’s holdings in iShares Silver Trust were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SLV. Quadrature Capital Ltd purchased a new stake in shares of iShares Silver Trust during the 3rd quarter worth approximately $91,122,000. Bank of Montreal Can raised its holdings in shares of iShares Silver Trust by 258.4% during the 3rd 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 in the last quarter. DRW Securities LLC increased its position in shares of iShares Silver Trust by 1,019.8% during the 3rd quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock valued at $19,598,000 after purchasing an additional 764,813 shares during the last quarter. RIA Advisory Group LLC bought a new position in shares of iShares Silver Trust during the 3rd quarter valued at approximately $20,773,000. Finally, International Assets Investment Management LLC increased its position in shares of iShares Silver Trust by 3,449.3% during the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after purchasing an additional 524,609 shares during the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $29.00 on Wednesday. The company has a market cap of $13.61 billion, a P/E ratio of -7.01 and a beta of 0.43. The business’s 50 day moving average price is $27.81 and its 200-day moving average price is $27.80. iShares Silver Trust has a fifty-two week low of $20.11 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.