Sovereign Financial Group Inc. Decreases Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Sovereign Financial Group Inc. decreased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 5.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,720 shares of the exchange traded fund’s stock after selling 801 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Silver Trust were worth $388,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in iShares Silver Trust in the 4th quarter worth approximately $25,000. Spartan Fund Management Inc. acquired a new stake in shares of iShares Silver Trust during the third quarter worth $28,000. Jamison Private Wealth Management Inc. purchased a new stake in shares of iShares Silver Trust during the third quarter valued at $31,000. Peoples Bank KS raised its stake in iShares Silver Trust by 334.5% in the 3rd quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 970 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in iShares Silver Trust during the 3rd quarter worth about $40,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $27.96 on Thursday. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $31.80. The firm has a market capitalization of $13.12 billion, a PE ratio of -7.01 and a beta of 0.43. The stock’s 50-day simple moving average is $27.68 and its 200-day simple moving average is $27.66.

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.