Bank of Montreal Can Trims Position in iShares Silver Trust (NYSEARCA:SLV)

Bank of Montreal Can reduced its holdings in iShares Silver Trust (NYSEARCA:SLV) by 90.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,788 shares of the exchange traded fund’s stock after selling 1,710,891 shares during the period. Bank of Montreal Can’s holdings in iShares Silver Trust were worth $4,997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SLV. Raymond James Financial Inc. acquired a new position in iShares Silver Trust during the fourth quarter valued at $57,303,000. Proficio Capital Partners LLC raised its stake in shares of iShares Silver Trust by 715.2% during the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after buying an additional 1,858,658 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of iShares Silver Trust in the 3rd quarter valued at about $7,769,000. Wellington Shields Capital Management LLC boosted its stake in shares of iShares Silver Trust by 392.9% in the fourth quarter. Wellington Shields Capital Management LLC now owns 285,997 shares of the exchange traded fund’s stock worth $7,530,000 after buying an additional 227,970 shares during the last quarter. Finally, B&D White Capital Company LLC acquired a new stake in iShares Silver Trust during the fourth quarter worth about $5,270,000.

iShares Silver Trust Trading Up 0.7 %

Shares of SLV stock opened at $29.38 on Tuesday. iShares Silver Trust has a twelve month low of $23.87 and a twelve month high of $31.80. The stock has a market cap of $14.47 billion, a P/E ratio of -8.96 and a beta of 0.59. The stock has a 50 day moving average of $29.48 and a 200 day moving average of $28.72.

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.