Perennial Investment Advisors LLC Has $1.08 Million Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Perennial Investment Advisors LLC raised its position in iShares Silver Trust (NYSEARCA:SLV) by 16.3% in the fourth quarter, HoldingsChannel reports. The fund owned 41,114 shares of the exchange traded fund’s stock after purchasing an additional 5,761 shares during the quarter. Perennial Investment Advisors LLC’s holdings in iShares Silver Trust were worth $1,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of iShares Silver Trust in the 4th quarter worth about $57,303,000. Proficio Capital Partners LLC raised its stake in shares of 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 purchasing an additional 1,858,658 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of iShares Silver Trust by 18.6% in the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after purchasing an additional 358,806 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of iShares Silver Trust in the third quarter valued at approximately $7,769,000. Finally, Wellington Shields Capital Management LLC boosted its position in shares of iShares Silver Trust by 392.9% during the fourth quarter. Wellington Shields Capital Management LLC now owns 285,997 shares of the exchange traded fund’s stock valued at $7,530,000 after buying an additional 227,970 shares during the last quarter.

iShares Silver Trust Trading Down 6.3 %

NYSEARCA SLV opened at $27.08 on Friday. The business has a fifty day simple moving average of $29.54 and a 200 day simple moving average of $28.75. iShares Silver Trust has a 12 month low of $23.87 and a 12 month high of $31.80. The firm has a market capitalization of $13.34 billion, a P/E ratio of -8.96 and a beta of 0.59.

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.