Eagle Strategies LLC Sells 3,264 Shares of iShares Silver Trust (NYSEARCA:SLV)

Eagle Strategies LLC cut its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 2.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 148,582 shares of the exchange traded fund’s stock after selling 3,264 shares during the period. Eagle Strategies LLC’s holdings in iShares Silver Trust were worth $4,221,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Norden Group LLC bought a new position in iShares Silver Trust during the 1st quarter worth approximately $214,000. Cornerstone Wealth Management LLC grew its position in iShares Silver Trust by 5.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 39,203 shares of the exchange traded fund’s stock worth $892,000 after acquiring an additional 2,179 shares during the last quarter. Horizon Bancorp Inc. IN grew its position in iShares Silver Trust by 12.0% during the 1st quarter. Horizon Bancorp Inc. IN now owns 7,556 shares of the exchange traded fund’s stock worth $172,000 after acquiring an additional 808 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in iShares Silver Trust by 3.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 20,200 shares of the exchange traded fund’s stock worth $460,000 after acquiring an additional 615 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in iShares Silver Trust during the 1st quarter worth approximately $210,000.

iShares Silver Trust Price Performance

SLV opened at $31.40 on Wednesday. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 1 year low of $20.07 and a 1 year high of $31.80. The stock’s 50 day simple moving average is $28.22 and its 200 day simple moving average is $27.16.

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.