iShares Silver Trust $SLV Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 151.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,278 shares of the exchange traded fund’s stock after acquiring an additional 142,978 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Silver Trust were worth $12,687,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of iShares Silver Trust during the fourth quarter valued at $238,000. Capstone Wealth Management Group LLC bought a new stake in shares of iShares Silver Trust during the first quarter valued at about $443,000. Schnieders Capital Management LLC. raised its stake in shares of iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in iShares Silver Trust in the second quarter worth about $886,000.

iShares Silver Trust Stock Down 1.5%

Shares of SLV opened at $58.16 on Friday. The firm has a 50-day moving average price of $55.52 and a 200 day moving average price of $66.40. The firm has a market capitalization of $31.06 billion, a PE ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a 52-week low of $33.85 and a 52-week high of $109.83.

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.