Sprott Inc. Raises Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Sprott Inc. lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,594 shares of the exchange traded fund’s stock after acquiring an additional 6,488 shares during the quarter. Sprott Inc. owned 0.06% of iShares Silver Trust worth $6,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its stake in iShares Silver Trust by 3,449.3% in the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after acquiring an additional 524,609 shares during the last quarter. Pettinga Financial Advisors LLC grew its position in shares of iShares Silver Trust by 0.6% in the third quarter. Pettinga Financial Advisors LLC now owns 108,860 shares of the exchange traded fund’s stock valued at $3,093,000 after purchasing an additional 658 shares during the last quarter. Allworth Financial LP grew its position in shares of iShares Silver Trust by 9.0% in the third quarter. Allworth Financial LP now owns 44,079 shares of the exchange traded fund’s stock valued at $1,252,000 after purchasing an additional 3,645 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of iShares Silver Trust by 2.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,900 shares of the exchange traded fund’s stock worth $3,547,000 after purchasing an additional 3,100 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of iShares Silver Trust by 67.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 63,477 shares of the exchange traded fund’s stock worth $1,803,000 after purchasing an additional 25,456 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $28.83 on Wednesday. The business’s fifty day moving average price is $28.03 and its two-hundred day moving average price is $28.09. The stock has a market cap of $13.76 billion, a PE ratio of -8.33 and a beta of 0.74. iShares Silver Trust has a one year low of $20.45 and a one year high of $31.80.

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.