RFG Advisory LLC Buys 35,397 Shares of iShares Silver Trust $SLV

RFG Advisory LLC increased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 82.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,381 shares of the exchange traded fund’s stock after buying an additional 35,397 shares during the period. RFG Advisory LLC’s holdings in iShares Silver Trust were worth $4,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its position in shares of iShares Silver Trust by 12.7% in the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after purchasing an additional 313,816 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after buying an additional 573,660 shares during the period. Bank of Montreal Can grew its stake in iShares Silver Trust by 505.8% in the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after buying an additional 1,852,688 shares in the last quarter. Tableaux LLC purchased a new position in iShares Silver Trust in the 4th quarter valued at approximately $133,233,000. Finally, MML Investors Services LLC raised its holdings in iShares Silver Trust by 34.8% during the 4th quarter. MML Investors Services LLC now owns 1,402,204 shares of the exchange traded fund’s stock valued at $90,330,000 after acquiring an additional 362,291 shares during the period.

iShares Silver Trust Stock Performance

Shares of SLV opened at $60.72 on Thursday. iShares Silver Trust has a 52-week low of $37.24 and a 52-week high of $109.83. The stock’s 50-day simple moving average is $56.44 and its 200 day simple moving average is $63.96. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53.

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. 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.