American Institute for Advanced Investment Management LLP acquired a new stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) in the third quarter, HoldingsChannel.com reports. The firm acquired 7,504 shares of the exchange traded fund’s stock, valued at approximately $213,000.
Other large investors have also modified their holdings of the company. AlphaMark Advisors LLC increased its holdings in shares of iShares Silver Trust by 57.2% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 372 shares during the period. Spartan Fund Management Inc. purchased a new position in iShares Silver Trust during the 3rd quarter worth $28,000. Triad Wealth Partners LLC acquired a new position in iShares Silver Trust in the second quarter valued at $29,000. Jamison Private Wealth Management Inc. acquired a new position in iShares Silver Trust in the third quarter valued at $31,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of iShares Silver Trust in the second quarter valued at about $32,000.
iShares Silver Trust Trading Up 0.1 %
Shares of NYSEARCA SLV traded up $0.03 during midday trading on Thursday, reaching $30.74. 12,927,006 shares of the company were exchanged, compared to its average volume of 22,682,871. The stock has a market cap of $14.43 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 1 year low of $20.07 and a 1 year high of $31.80. The stock has a fifty day simple moving average of $27.87 and a 200 day simple moving average of $27.01.
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.
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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
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