Steward Partners Investment Advisory LLC Grows Position in iShares Silver Trust (NYSEARCA:SLV)

Steward Partners Investment Advisory LLC increased its position in iShares Silver Trust (NYSEARCA:SLV) by 9.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 242,443 shares of the exchange traded fund’s stock after purchasing an additional 21,330 shares during the period. Steward Partners Investment Advisory LLC’s holdings in iShares Silver Trust were worth $6,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLV. Quadrature Capital Ltd bought a new stake in shares of iShares Silver Trust during the 3rd quarter valued at $91,122,000. Proficio Capital Partners LLC lifted its position in iShares Silver Trust by 715.2% during the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after acquiring an additional 1,858,658 shares during the period. Bank of Montreal Can boosted its stake in iShares Silver Trust by 258.4% during the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after acquiring an additional 1,370,298 shares in the last quarter. DRW Securities LLC grew its holdings in iShares Silver Trust by 1,019.8% in the third quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock worth $19,598,000 after purchasing an additional 764,813 shares during the period. Finally, RIA Advisory Group LLC bought a new position in shares of iShares Silver Trust during the third quarter valued at approximately $20,773,000.

iShares Silver Trust Stock Performance

SLV stock opened at $29.77 on Thursday. The firm has a 50 day moving average price of $28.21 and a 200-day moving average price of $28.20. iShares Silver Trust has a 52-week low of $21.86 and a 52-week high of $31.80. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74.

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.