Kovack Advisors Inc. Sells 1,418 Shares of iShares Silver Trust (NYSEARCA:SLV)

Kovack Advisors Inc. decreased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 4.3% in the fourth quarter, HoldingsChannel reports. The fund owned 31,577 shares of the exchange traded fund’s stock after selling 1,418 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Silver Trust were worth $688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Bleakley Financial Group LLC lifted its stake in shares of iShares Silver Trust by 27.5% during the 4th quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after buying an additional 397,836 shares in the last quarter. Simplicity Solutions LLC lifted its stake in shares of iShares Silver Trust by 26.2% during the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after buying an additional 383,336 shares in the last quarter. Seven Post Investment Office LP purchased a new position in shares of iShares Silver Trust during the 3rd quarter valued at $4,861,000. International Assets Investment Management LLC lifted its stake in shares of iShares Silver Trust by 2,203.2% during the 4th quarter. International Assets Investment Management LLC now owns 236,727 shares of the exchange traded fund’s stock valued at $5,156,000 after buying an additional 226,449 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of iShares Silver Trust by 11.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock valued at $28,288,000 after buying an additional 132,729 shares in the last quarter.

iShares Silver Trust Stock Down 0.7 %

Shares of SLV stock opened at $24.89 on Friday. The stock has a market cap of $11.81 billion, a P/E ratio of -7.62 and a beta of 0.46. iShares Silver Trust has a 52 week low of $18.97 and a 52 week high of $27.24. The company’s fifty day simple moving average is $23.26 and its two-hundred day simple moving average is $21.96.

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.