Park Avenue Securities LLC sells 2,741 shares of iShares Silver Trust (NYSEARCA:SLV)

Park Avenue Securities LLC reduced its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 7.9% during the second quarter, according to the company’s most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,909 shares of the exchange-traded fund after selling 2,741 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Silver Trust were worth $848,000 at the time of the most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also been buying and selling shares of the company. Transcendent Capital Group LLC acquired a new position in iShares Silver Trust during the fourth quarter worth $26,000. Tennessee Valley Asset Management Partners acquired a new position in shares of iShares Silver Trust during the fourth quarter worth about $34,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of iShares Silver Trust during the fourth quarter worth about $34,000. OLD Point Trust & Financial Services NA acquired a new position in iShares Silver Trust during the fourth quarter worth about $42,000. Finally, Pingora Partners LLC acquired a new position in iShares Silver Trust during the fourth quarter worth about $44,000.

iShares Silver Trust price development

NYSEARCA SLV traded $0.01 lower on Friday, reaching $25.00. 15,934,047 shares of the company traded hands, compared to its average volume of 23,317,611. The stock has a market cap of $11.73 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12-month low of $18.97 and a 12-month high of $29.56. The stock has a 50-day moving average of $26.84 and a 200-day moving average of $24.77.

About iShares Silver Trust

(Free report)

iShares Silver Trust (the Trust) owns silver that has been transferred to the Trust in exchange for shares issued by the Trust. Each share of the Trust represents an undivided share of its net assets. The Trust’s assets consist of silver, which is managed by the Trust Trustee on behalf of the Trust.