iShares Silver Trust (NYSEARCA:SLV) is Biechele Royce Advisors’ 10th Largest Position

Biechele Royce Advisors cut its holdings in iShares Silver Trust (NYSEARCA:SLV) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,174 shares of the exchange traded fund’s stock after selling 8,351 shares during the period. iShares Silver Trust comprises about 4.5% of Biechele Royce Advisors’ holdings, making the stock its 10th largest position. Biechele Royce Advisors owned about 0.10% of iShares Silver Trust worth $13,670,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. NWI Management LP lifted its position in shares of iShares Silver Trust by 10,526.6% in the first quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after acquiring an additional 5,263,305 shares in the last quarter. Meitav Investment House Ltd. purchased a new position in iShares Silver Trust in the 2nd quarter valued at about $45,688,000. Cetera Investment Advisers boosted its stake in shares of iShares Silver Trust by 842.7% during the 1st quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock worth $18,581,000 after purchasing an additional 730,121 shares during the last quarter. RIA Advisory Group LLC grew its holdings in shares of iShares Silver Trust by 3,532.2% during the first quarter. RIA Advisory Group LLC now owns 737,854 shares of the exchange traded fund’s stock worth $16,786,000 after buying an additional 717,540 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of iShares Silver Trust by 3,449.3% in the third quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after buying an additional 524,609 shares during the last quarter.

iShares Silver Trust Stock Down 0.9 %

Shares of NYSEARCA:SLV traded down $0.27 during midday trading on Friday, reaching $29.54. The company’s stock had a trading volume of 22,164,872 shares, compared to its average volume of 22,751,662. The business has a 50 day moving average price of $28.41 and a 200 day moving average price of $27.23. iShares Silver Trust has a 1 year low of $20.07 and a 1 year high of $31.80. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.