Procyon Advisors LLC Increases Holdings in iShares Silver Trust (NYSEARCA:SLV)

Procyon Advisors LLC raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,432 shares of the exchange traded fund’s stock after purchasing an additional 2,869 shares during the quarter. Procyon Advisors LLC’s holdings in iShares Silver Trust were worth $433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLV. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $25,000. Spartan Fund Management Inc. acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $28,000. Jamison Private Wealth Management Inc. purchased a new stake in shares of iShares Silver Trust during the third quarter valued at approximately $31,000. Peoples Bank KS lifted its position in shares of iShares Silver Trust by 334.5% during the third quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 970 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in shares of iShares Silver Trust in the third quarter valued at $40,000.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $27.61 on Friday. The firm’s fifty day moving average price is $27.63 and its 200 day moving average price is $27.68. The company has a market capitalization of $12.96 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12-month low of $20.07 and a 12-month high of $31.80.

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.