Orion Portfolio Solutions LLC Has $450,000 Stake in iShares Silver Trust (NYSEARCA:SLV)

Orion Portfolio Solutions LLC reduced its holdings in iShares Silver Trust (NYSEARCA:SLV) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,848 shares of the exchange traded fund’s stock after selling 2,606 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in iShares Silver Trust were worth $450,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SLV. Quadrature Capital Ltd acquired a new stake in iShares Silver Trust in the 3rd quarter worth $91,122,000. Meitav Investment House Ltd. bought a new stake in shares of iShares Silver Trust in the second quarter valued at about $45,688,000. Bank of Montreal Can grew its position in iShares Silver Trust by 258.4% during the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after buying an additional 1,370,298 shares in the last quarter. DRW Securities LLC grew its position in iShares Silver Trust by 1,019.8% during the third quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock worth $19,598,000 after buying an additional 764,813 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new position in iShares Silver Trust during the third quarter valued at about $20,773,000.

iShares Silver Trust Stock Down 3.5 %

iShares Silver Trust stock opened at $26.85 on Thursday. iShares Silver Trust has a 12 month low of $20.07 and a 12 month high of $31.80. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The business has a 50 day moving average price of $28.81 and a two-hundred day moving average price of $27.66.

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.