DAVENPORT & Co LLC Sells 20,572 Shares of iShares Silver Trust (NYSEARCA:SLV)

DAVENPORT & Co LLC reduced its holdings in iShares Silver Trust (NYSEARCA:SLV) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,164 shares of the exchange traded fund’s stock after selling 20,572 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares Silver Trust were worth $4,349,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new stake in shares of iShares Silver Trust in the third quarter valued at approximately $91,122,000. Bank of Montreal Can increased its stake in shares of iShares Silver Trust by 258.4% during the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after purchasing an additional 1,370,298 shares during the period. DRW Securities LLC increased its stake in 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 worth $19,598,000 after acquiring an additional 764,813 shares during the period. RIA Advisory Group LLC bought a new position in iShares Silver Trust during the 3rd quarter worth $20,773,000. Finally, International Assets Investment Management LLC increased its stake in 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 worth $15,336,000 after acquiring an additional 524,609 shares during the period.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $28.67 on Tuesday. The stock’s fifty day moving average price is $27.64 and its two-hundred day moving average price is $27.67. iShares Silver Trust has a one year low of $20.11 and a one year high of $31.80. The firm has a market cap of $13.46 billion, a PE ratio of -7.01 and a beta of 0.43.

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.