iShares Silver Trust (NYSEARCA:SLV) Position Boosted by Cwm LLC

Cwm LLC raised its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 53.3% in the second quarter, HoldingsChannel.com reports. The firm owned 94,871 shares of the exchange traded fund’s stock after buying an additional 32,989 shares during the period. Cwm LLC’s holdings in iShares Silver Trust were worth $2,521,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted 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 worth $5,156,000 after acquiring an additional 226,449 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of iShares Silver Trust by 0.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 315,432 shares of the exchange traded fund’s stock worth $6,690,000 after acquiring an additional 1,956 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of iShares Silver Trust by 0.9% in the fourth quarter. D.A. Davidson & CO. now owns 91,517 shares of the exchange traded fund’s stock valued at $1,993,000 after purchasing an additional 788 shares in the last quarter. Sovereign Financial Group Inc. purchased a new stake in shares of iShares Silver Trust in the first quarter valued at $325,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at $148,000.

iShares Silver Trust Stock Up 2.8 %

Shares of SLV traded up $0.69 during mid-day trading on Thursday, reaching $25.02. The company’s stock had a trading volume of 8,398,310 shares, compared to its average volume of 23,305,010. The business has a fifty day moving average of $26.96 and a 200 day moving average of $24.74. The company has a market cap of $11.74 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 1 year low of $18.97 and a 1 year high of $29.56.

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.