Wedbush Securities Inc. Cuts Holdings in iShares Silver Trust (NYSEARCA:SLV)

Wedbush Securities Inc. cut its holdings in iShares Silver Trust (NYSEARCA:SLV) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,924 shares of the exchange traded fund’s stock after selling 385 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Silver Trust were worth $1,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLV. Toronto Dominion Bank lifted its position in shares of iShares Silver Trust by 18.6% during the 3rd quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock valued at $64,883,000 after acquiring an additional 358,806 shares during the period. Raymond James Financial Inc. acquired a new position in iShares Silver Trust during the fourth quarter worth $57,303,000. Proficio Capital Partners LLC boosted its position in iShares Silver Trust by 715.2% during the fourth quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock worth $55,781,000 after purchasing an additional 1,858,658 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in iShares Silver Trust by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,939,706 shares of the exchange traded fund’s stock worth $51,072,000 after purchasing an additional 63,810 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in iShares Silver Trust by 3.6% in the third quarter. MML Investors Services LLC now owns 765,406 shares of the exchange traded fund’s stock valued at $21,745,000 after purchasing an additional 26,281 shares during the last quarter.

iShares Silver Trust Stock Down 6.3 %

NYSEARCA:SLV opened at $27.08 on Monday. iShares Silver Trust has a 52-week low of $23.87 and a 52-week high of $31.80. The stock has a fifty day simple moving average of $29.54 and a 200-day simple moving average of $28.76. The company has a market capitalization of $13.34 billion, a PE ratio of -8.96 and a beta of 0.59.

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.