Massmutual Trust Co. FSB ADV Sells 5,500 Shares of iShares Silver Trust (NYSEARCA:SLV)

Massmutual Trust Co. FSB ADV reduced its holdings in iShares Silver Trust (NYSEARCA:SLV) by 57.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the exchange traded fund’s stock after selling 5,500 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in iShares Silver Trust were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. CIBC Private Wealth Group LLC raised its holdings in shares of iShares Silver Trust by 38.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 69,019 shares of the exchange traded fund’s stock worth $1,503,000 after acquiring an additional 19,255 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of iShares Silver Trust by 11.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 147,247 shares of the exchange traded fund’s stock valued at $3,207,000 after purchasing an additional 15,442 shares during the period. Security National Bank bought a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $106,000. OLD Point Trust & Financial Services N A acquired a new position in shares of iShares Silver Trust during the fourth quarter worth about $42,000. Finally, Connectus Wealth LLC bought a new position in shares of iShares Silver Trust during the fourth quarter worth about $291,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $29.36 on Friday. The company’s 50-day moving average price is $26.84 and its two-hundred day moving average price is $26.46. iShares Silver Trust has a one year low of $18.98 and a one year high of $30.07. The stock has a market capitalization of $13.78 billion, a PE ratio of -7.01 and a beta of 0.43.

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.