PFG Investments LLC Raises Position in iShares Silver Trust (NYSEARCA:SLV)

PFG Investments LLC raised its holdings in iShares Silver Trust (NYSEARCA:SLV) by 187.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,637 shares of the exchange traded fund’s stock after buying an additional 21,285 shares during the period. PFG Investments LLC’s holdings in iShares Silver Trust were worth $742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC boosted its position in iShares Silver Trust by 27.5% in the 4th quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after buying an additional 397,836 shares during the period. Simplicity Solutions LLC lifted its position in shares of iShares Silver Trust by 26.2% during the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after purchasing an additional 383,336 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of iShares Silver Trust by 27.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,601,570 shares of the exchange traded fund’s stock worth $34,882,000 after purchasing an additional 343,004 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of iShares Silver Trust by 11.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock worth $28,288,000 after purchasing an additional 132,729 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of iShares Silver Trust by 3.6% during the 4th quarter. 1832 Asset Management L.P. now owns 1,141,849 shares of the exchange traded fund’s stock worth $24,869,000 after purchasing an additional 39,452 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock traded down $0.79 during trading on Tuesday, hitting $24.04. 32,346,563 shares of the stock were exchanged, compared to its average volume of 24,090,410. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46. The firm’s 50-day moving average price is $23.33 and its 200 day moving average price is $22.02. iShares Silver Trust has a 12-month low of $18.97 and a 12-month high of $27.24.

iShares Silver Trust Company 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.