Itau Unibanco Holding S.A. Sells 40,000 Shares of iShares Silver Trust (NYSEARCA:SLV)

Itau Unibanco Holding S.A. decreased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 94.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,526 shares of the exchange traded fund’s stock after selling 40,000 shares during the period. Itau Unibanco Holding S.A.’s holdings in iShares Silver Trust were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $26,000. AlphaMark Advisors LLC lifted its position in iShares Silver Trust by 57.2% during the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 372 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in iShares Silver Trust during the second quarter valued at approximately $29,000. Strategic Financial Concepts LLC purchased a new position in iShares Silver Trust in the 2nd quarter worth approximately $32,000. Finally, West Oak Capital LLC raised its position in shares of iShares Silver Trust by 102.3% during the 2nd quarter. West Oak Capital LLC now owns 1,295 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 655 shares in the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $28.41 on Monday. The company has a market capitalization of $13.33 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $29.56. The company has a fifty day moving average of $26.44 and a 200-day moving average of $26.04.

iShares Silver Trust Company 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.