iShares Silver Trust (NYSEARCA:SLV) Stock Holdings Cut by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,774 shares of the exchange traded fund’s stock after selling 1,052 shares during the quarter. Rehmann Capital Advisory Group’s holdings in iShares Silver Trust were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new stake in shares of iShares Silver Trust during the 3rd quarter valued at $25,000. Transcendent Capital Group LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth $26,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth $34,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth $34,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth $38,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV traded up $0.63 during midday trading on Thursday, hitting $28.79. 6,249,854 shares of the stock were exchanged, compared to its average volume of 23,922,035. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $29.56. The business’s fifty day simple moving average is $27.14 and its two-hundred day simple moving average is $24.02. The company has a market capitalization of $13.51 billion, a PE ratio of -7.01 and a beta of 0.43.

About iShares Silver Trust

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.