Creative Financial Designs Inc. ADV Increases Stake in iShares Silver Trust (NYSEARCA:SLV)

Creative Financial Designs Inc. ADV raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 13.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,171 shares of the exchange traded fund’s stock after acquiring an additional 1,880 shares during the period. Creative Financial Designs Inc. ADV’s holdings in iShares Silver Trust were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in shares of iShares Silver Trust during the 3rd quarter valued at approximately $91,122,000. Toronto Dominion Bank boosted its position in shares of iShares Silver Trust by 18.6% during the 3rd quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock valued at $64,883,000 after acquiring an additional 358,806 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares Silver Trust during the 4th quarter valued at approximately $57,303,000. Proficio Capital Partners LLC lifted its position in iShares Silver Trust by 715.2% in the fourth quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock worth $55,781,000 after buying an additional 1,858,658 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in iShares Silver Trust by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,939,706 shares of the exchange traded fund’s stock worth $51,072,000 after buying an additional 63,810 shares during the last quarter.

iShares Silver Trust Stock Up 0.1 %

Shares of SLV opened at $30.85 on Wednesday. The company has a market cap of $14.76 billion, a PE ratio of -8.87 and a beta of 0.73. The business has a fifty day moving average of $28.87 and a 200 day moving average of $28.43. iShares Silver Trust has a 52-week low of $22.29 and a 52-week high of $31.80.

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.