Rakuten Securities Inc. Lowers Position in iShares Silver Trust (NYSEARCA:SLV)

Rakuten Securities Inc. lowered its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 68.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,195 shares of the exchange traded fund’s stock after selling 9,067 shares during the period. Rakuten Securities Inc.’s holdings in iShares Silver Trust were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SLV. Avantax Advisory Services Inc. increased its holdings in shares of iShares Silver Trust by 9.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 88,192 shares of the exchange traded fund’s stock worth $2,322,000 after buying an additional 7,321 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in iShares Silver Trust by 25.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 35,433 shares of the exchange traded fund’s stock worth $933,000 after acquiring an additional 7,158 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of iShares Silver Trust by 14.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 21,224 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 2,684 shares during the period. PFG Advisors lifted its stake in shares of iShares Silver Trust by 125.2% in the 4th quarter. PFG Advisors now owns 28,025 shares of the exchange traded fund’s stock valued at $738,000 after purchasing an additional 15,580 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of iShares Silver Trust by 8.5% during the 4th quarter. Moors & Cabot Inc. now owns 46,001 shares of the exchange traded fund’s stock worth $1,211,000 after purchasing an additional 3,605 shares during the period.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $30.22 on Thursday. iShares Silver Trust has a one year low of $22.26 and a one year high of $31.80. The company’s 50 day moving average price is $28.58 and its 200 day moving average price is $28.31. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74.

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.