Koshinski Asset Management Inc. Sells 11,120 Shares of iShares Silver Trust (NYSEARCA:SLV)
by Danessa Lincoln · The Markets Daily
Koshinski Asset Management Inc. cut its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 25.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,857 shares of the exchange traded fund’s stock after selling 11,120 shares during the period. Koshinski Asset Management Inc.’s holdings in iShares Silver Trust were worth $648,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in iShares Silver Trust by 14.3% in the 2nd quarter. LPL Financial LLC now owns 4,129,173 shares of the exchange traded fund’s stock valued at $86,258,000 after purchasing an additional 517,597 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in iShares Silver Trust by 5.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,850,025 shares of the exchange traded fund’s stock valued at $88,089,000 after purchasing an additional 213,612 shares during the period. Wellington Management Group LLP boosted its holdings in iShares Silver Trust by 48.0% in the 1st quarter. Wellington Management Group LLP now owns 2,711,172 shares of the exchange traded fund’s stock valued at $62,032,000 after purchasing an additional 879,524 shares during the period. National Bank of Canada FI boosted its holdings in iShares Silver Trust by 129.3% in the 2nd quarter. National Bank of Canada FI now owns 1,599,110 shares of the exchange traded fund’s stock valued at $33,455,000 after purchasing an additional 901,826 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in iShares Silver Trust by 28.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,548,284 shares of the exchange traded fund’s stock valued at $31,455,000 after purchasing an additional 339,978 shares during the period.
iShares Silver Trust Price Performance
Shares of iShares Silver Trust stock opened at $22.23 on Thursday. iShares Silver Trust has a fifty-two week low of $18.38 and a fifty-two week high of $23.94. The firm has a fifty day moving average price of $21.61 and a two-hundred day moving average price of $21.44.
iShares Silver Trust Profile
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.
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