Raymond James Financial Inc. Invests $57.30 Million in iShares Silver Trust (NYSEARCA:SLV)

Raymond James Financial Inc. bought a new position in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,176,323 shares of the exchange traded fund’s stock, valued at approximately $57,303,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC boosted its holdings in shares of iShares Silver Trust by 26.8% in the 4th quarter. Savant Capital LLC now owns 13,245 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 2,803 shares during the period. Fisher Asset Management LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $220,000. ROI Financial Advisors LLC boosted its holdings in iShares Silver Trust by 64.0% during the 3rd quarter. ROI Financial Advisors LLC now owns 27,239 shares of the exchange traded fund’s stock valued at $774,000 after acquiring an additional 10,626 shares during the period. FMR LLC boosted its holdings in iShares Silver Trust by 46.4% during the 3rd quarter. FMR LLC now owns 16,201 shares of the exchange traded fund’s stock valued at $460,000 after acquiring an additional 5,135 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in iShares Silver Trust by 5.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 136,521 shares of the exchange traded fund’s stock valued at $3,879,000 after acquiring an additional 7,388 shares during the period.

iShares Silver Trust Stock Down 1.6 %

SLV opened at $29.11 on Tuesday. The business has a fifty day moving average of $28.37 and a 200 day moving average of $28.25. iShares Silver Trust has a 52-week low of $21.97 and a 52-week high of $31.80. The stock has a market cap of $13.90 billion, a P/E ratio of -8.33 and a beta of 0.74.

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.