Bank of New York Mellon Corp Decreases Stake in iShares Silver Trust (NYSEARCA:SLV)

Bank of New York Mellon Corp cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 18.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,115 shares of the exchange traded fund’s stock after selling 94,628 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Silver Trust were worth $10,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLV. Transcendent Capital Group LLC purchased a new stake in iShares Silver Trust during the fourth quarter valued at approximately $26,000. AlphaMark Advisors LLC raised 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 period. Triad Wealth Partners LLC bought a new position in shares of iShares Silver Trust during the second quarter valued at approximately $29,000. Atlantic Edge Private Wealth Management LLC bought a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $34,000. Finally, West Oak Capital LLC grew its stake in shares of iShares Silver Trust by 102.3% during the second 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 during the last quarter.

iShares Silver Trust Stock Performance

SLV opened at $25.85 on Tuesday. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The stock’s 50 day moving average price is $26.54 and its 200-day moving average price is $25.64. iShares Silver Trust has a one year low of $18.97 and a one year high of $29.56.

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.