Huntington National Bank Decreases Position in iShares Silver Trust (NYSEARCA:SLV)

Huntington National Bank lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 11.7% in the third quarter, HoldingsChannel.com reports. The fund owned 107,571 shares of the exchange traded fund’s stock after selling 14,233 shares during the quarter. Huntington National Bank’s holdings in iShares Silver Trust were worth $3,056,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in shares of iShares Silver Trust by 24.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 22,673 shares of the exchange traded fund’s stock valued at $516,000 after purchasing an additional 4,479 shares during the period. Avantax Advisory Services Inc. boosted its position in iShares Silver Trust by 1.0% during the first quarter. Avantax Advisory Services Inc. now owns 76,003 shares of the exchange traded fund’s stock worth $1,729,000 after acquiring an additional 743 shares during the last quarter. Jacobi Capital Management LLC purchased a new stake in iShares Silver Trust during the 1st quarter valued at about $575,000. Pitcairn Co. acquired a new stake in iShares Silver Trust in the 1st quarter valued at about $278,000. Finally, Evermay Wealth Management LLC lifted its stake in iShares Silver Trust by 3,492.4% in the 1st quarter. Evermay Wealth Management LLC now owns 35,924 shares of the exchange traded fund’s stock worth $817,000 after purchasing an additional 34,924 shares in the last quarter.

iShares Silver Trust Price Performance

SLV stock opened at $27.81 on Friday. iShares Silver Trust has a 1 year low of $20.07 and a 1 year high of $31.80. The firm has a market capitalization of $13.05 billion, a PE ratio of -7.01 and a beta of 0.43. The business has a 50 day simple moving average of $28.78 and a 200-day simple moving average of $27.42.

iShares Silver Trust 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.