PNC Financial Services Group Inc. Sells 1,175 Shares of iShares Silver Trust (NYSEARCA:SLV)

PNC Financial Services Group Inc. cut its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,062 shares of the exchange traded fund’s stock after selling 1,175 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Silver Trust were worth $5,136,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SLV. Quadrature Capital Ltd purchased a new stake in shares of iShares Silver Trust during the 3rd quarter worth approximately $91,122,000. Toronto Dominion Bank raised its holdings in shares of iShares Silver Trust by 18.6% during the 3rd quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after acquiring an additional 358,806 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $57,303,000. Proficio Capital Partners LLC raised its holdings in shares of iShares Silver Trust by 715.2% during the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock worth $55,781,000 after acquiring an additional 1,858,658 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of iShares Silver Trust by 258.4% during the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after acquiring an additional 1,370,298 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of SLV opened at $30.22 on Thursday. The business’s 50 day simple moving average is $28.58 and its 200-day simple moving average is $28.31. iShares Silver Trust has a 1 year low of $22.26 and a 1 year high of $31.80. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74.

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.