Stuart Chaussee & Associates Inc. purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,485 shares of the exchange traded fund’s stock, valued at approximately $49,000.
A number of other institutional investors and hedge funds also recently modified their holdings of SLV. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Silver Trust during the second quarter valued at approximately $162,217,000. Ameriprise Financial Inc. grew its position in iShares Silver Trust by 127.3% during the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after buying an additional 1,460,084 shares during the period. LPL Financial LLC grew its position in iShares Silver Trust by 13.4% during the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after buying an additional 924,353 shares during the period. GLOBALT Investments LLC GA bought a new position in iShares Silver Trust during the second quarter valued at about $29,459,000. Finally, Carrhae Capital LLP bought a new position in iShares Silver Trust during the first quarter valued at about $17,880,000.
iShares Silver Trust Stock Performance
SLV opened at $42.70 on Wednesday. The firm has a market cap of $23.40 billion, a P/E ratio of -8.51 and a beta of 0.38. The firm has a 50-day moving average of $40.64 and a 200 day moving average of $35.16. iShares Silver Trust has a fifty-two week low of $26.19 and a fifty-two week high of $49.25.
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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