Perennial Investment Advisors LLC Buys 36,428 Shares of iShares Silver Trust $SLV

Perennial Investment Advisors LLC increased its stake in iShares Silver Trust (NYSEARCA:SLV) by 108.0% during the second quarter, Holdings Channel.com reports. The fund owned 70,163 shares of the exchange traded fund’s stock after buying an additional 36,428 shares during the period. Perennial Investment Advisors LLC’s holdings in iShares Silver Trust were worth $2,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 1,595 shares during the last quarter. Bison Wealth LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at $238,000. Capstone Wealth Management Group LLC bought a new stake in iShares Silver Trust during the first quarter valued at $443,000. Calton & Associates Inc. bought a new position in shares of iShares Silver Trust in the 1st quarter worth about $200,000. Finally, OneAscent Financial Services LLC raised its position in shares of iShares Silver Trust by 5.1% in the 1st quarter. OneAscent Financial Services LLC now owns 10,310 shares of the exchange traded fund’s stock worth $317,000 after acquiring an additional 497 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $45.47 on Tuesday. The stock’s 50-day moving average is $43.15 and its 200 day moving average is $36.69. iShares Silver Trust has a one year low of $26.19 and a one year high of $49.25. The firm has a market cap of $24.50 billion, a price-to-earnings 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.