Janney Montgomery Scott LLC Has $19 Million Position in iShares Silver Trust (NYSEARCA:SLV)

Janney Montgomery Scott LLC cut its holdings in iShares Silver Trust (NYSEARCA:SLV) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 721,538 shares of the exchange traded fund’s stock after selling 10,447 shares during the period. Janney Montgomery Scott LLC owned approximately 0.15% of iShares Silver Trust worth $18,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whitaker Myers Wealth Managers LTD. lifted its stake in iShares Silver Trust by 3.1% in the third quarter. Whitaker Myers Wealth Managers LTD. now owns 11,339 shares of the exchange traded fund’s stock valued at $322,000 after buying an additional 340 shares during the period. Moloney Securities Asset Management LLC increased its stake in shares of iShares Silver Trust by 3.3% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 11,097 shares of the exchange traded fund’s stock valued at $315,000 after acquiring an additional 356 shares in the last quarter. Columbus Macro LLC lifted its position in shares of iShares Silver Trust by 1.8% during the 3rd quarter. Columbus Macro LLC now owns 20,462 shares of the exchange traded fund’s stock valued at $588,000 after acquiring an additional 368 shares during the period. Redhawk Wealth Advisors Inc. boosted its stake in iShares Silver Trust by 4.6% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,472 shares of the exchange traded fund’s stock worth $223,000 after acquiring an additional 372 shares in the last quarter. Finally, Raymond James Trust N.A. grew its holdings in iShares Silver Trust by 3.1% in the third quarter. Raymond James Trust N.A. now owns 12,881 shares of the exchange traded fund’s stock worth $366,000 after purchasing an additional 383 shares during the period.

iShares Silver Trust Price Performance

SLV stock opened at $27.91 on Friday. iShares Silver Trust has a 1 year low of $20.11 and a 1 year high of $31.80. The stock has a market capitalization of $13.10 billion, a PE ratio of -7.01 and a beta of 0.43. The company’s 50-day moving average is $27.64 and its 200-day moving average is $27.67.

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.