Pinnacle Bancorp Inc. Decreases Stake in iShares Silver Trust (NYSEARCA:SLV)

Pinnacle Bancorp Inc. lessened its stake in iShares Silver Trust (NYSEARCA:SLV) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,856 shares of the exchange traded fund’s stock after selling 2,514 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in iShares Silver Trust were worth $260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Eagle Bay Advisors LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at about $25,000. Spartan Fund Management Inc. purchased a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $28,000. Jamison Private Wealth Management Inc. acquired a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $31,000. Peoples Bank KS lifted its stake in iShares Silver Trust by 334.5% in the 3rd quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 970 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in iShares Silver Trust during the 3rd quarter valued at $40,000.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $27.96 on Thursday. The stock has a fifty day moving average of $27.68 and a two-hundred day moving average of $27.66. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $31.80. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.