Advisory Alpha LLC raised its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 21.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,087 shares of the exchange traded fund’s stock after acquiring an additional 1,574 shares during the period. Advisory Alpha LLC’s holdings in iShares Silver Trust were worth $239,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of SLV. Quadrature Capital Ltd purchased a new stake in shares of iShares Silver Trust in the 3rd quarter valued at approximately $91,122,000. Bank of Montreal Can grew its stake in shares of iShares Silver Trust by 258.4% in the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock valued at $54,854,000 after buying an additional 1,370,298 shares during the period. DRW Securities LLC grew its stake in shares of iShares Silver Trust by 1,019.8% in the 3rd quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock valued at $19,598,000 after buying an additional 764,813 shares during the period. RIA Advisory Group LLC purchased a new stake in shares of iShares Silver Trust in the 3rd quarter valued at approximately $20,773,000. Finally, International Assets Investment Management LLC boosted its position in shares of iShares Silver Trust by 3,449.3% during the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock worth $15,336,000 after purchasing an additional 524,609 shares during the period.
iShares Silver Trust Stock Performance
NYSEARCA:SLV opened at $27.77 on Friday. The stock has a market capitalization of $13.03 billion, a P/E ratio of -7.01 and a beta of 0.43. The company has a 50 day moving average price of $27.63 and a 200 day moving average price of $27.68. iShares Silver Trust has a fifty-two week low of $20.11 and a fifty-two week high of $31.80.
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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