iShares Silver Trust (NYSEARCA:SLV) Position Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 89.5% during the 3rd quarter, Holdings Channel reports. The firm owned 731,985 shares of the exchange traded fund’s stock after purchasing an additional 345,700 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Silver Trust were worth $20,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norden Group LLC acquired a new stake in iShares Silver Trust during the first quarter valued at approximately $214,000. Sequoia Financial Advisors LLC acquired a new position in shares of iShares Silver Trust in the 1st quarter worth $210,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of iShares Silver Trust by 2.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 135,800 shares of the exchange traded fund’s stock worth $3,089,000 after purchasing an additional 3,000 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of iShares Silver Trust by 7.6% during the first quarter. Daiwa Securities Group Inc. now owns 26,750 shares of the exchange traded fund’s stock valued at $609,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Oxbow Advisors LLC acquired a new position in shares of iShares Silver Trust in the 1st quarter valued at $257,000.

iShares Silver Trust Trading Up 0.4 %

NYSEARCA SLV opened at $29.76 on Wednesday. iShares Silver Trust has a 1 year low of $20.07 and a 1 year high of $31.80. The company has a market cap of $13.97 billion, a PE ratio of -7.01 and a beta of 0.43. The stock’s 50-day moving average price is $28.45 and its two-hundred day moving average price is $27.27.

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.