Decker Retirement Planning Inc. acquired a new stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,592 shares of the exchange traded fund’s stock, valued at approximately $52,000.
Several other institutional investors have also added to or reduced their stakes in SLV. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Silver Trust in the second quarter worth $162,217,000. Ameriprise Financial Inc. increased its holdings in iShares Silver Trust by 127.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock worth $80,514,000 after buying an additional 1,460,084 shares in the last quarter. LPL Financial LLC raised its position in iShares Silver Trust by 13.4% in the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock worth $242,725,000 after buying an additional 924,353 shares during the last quarter. GLOBALT Investments LLC GA purchased a new position in iShares Silver Trust in the 2nd quarter worth about $29,459,000. Finally, Yong Rong HK Asset Management Ltd lifted its stake in iShares Silver Trust by 299.6% during the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock valued at $26,248,000 after acquiring an additional 599,800 shares during the period.
iShares Silver Trust Stock Up 0.8%
Shares of NYSEARCA SLV opened at $43.92 on Friday. The firm’s 50-day moving average price is $42.01 and its 200-day moving average price is $35.91. iShares Silver Trust has a 52-week low of $26.19 and a 52-week high of $49.25. The company has a market cap of $23.66 billion, a PE ratio of -8.51 and a beta of 0.38.
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.
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