GFS Advisors LLC Has $1.50 Million Position in iShares Silver Trust (NYSEARCA:SLV)

GFS Advisors LLC increased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 5,778.1% during the third quarter, Holdings Channel reports. The fund owned 52,903 shares of the exchange traded fund’s stock after acquiring an additional 52,003 shares during the quarter. GFS Advisors LLC’s holdings in iShares Silver Trust were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Norden Group LLC acquired a new position in iShares Silver Trust in the 1st quarter valued at $214,000. J.W. Cole Advisors Inc. grew its holdings in iShares Silver Trust by 3.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 20,200 shares of the exchange traded fund’s stock valued at $460,000 after buying an additional 615 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in iShares Silver Trust in the 1st quarter valued at $210,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in iShares Silver Trust by 2.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 135,800 shares of the exchange traded fund’s stock valued at $3,089,000 after buying an additional 3,000 shares in the last quarter. Finally, Haverford Trust Co acquired a new position in iShares Silver Trust in the 1st quarter valued at $205,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $29.54 on Friday. The stock’s fifty day moving average price is $28.41 and its two-hundred day moving average price is $27.23. iShares Silver Trust has a one year low of $20.07 and a one year high of $31.80. The firm has a market cap of $13.86 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.