Snowden Capital Advisors LLC Boosts Holdings in iShares Silver Trust (NYSEARCA:SLV)

Snowden Capital Advisors LLC raised its holdings in iShares Silver Trust (NYSEARCA:SLV) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,790 shares of the exchange traded fund’s stock after buying an additional 5,273 shares during the quarter. Snowden Capital Advisors LLC’s holdings in iShares Silver Trust were worth $1,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth about $57,303,000. Proficio Capital Partners LLC grew its holdings in shares of iShares Silver Trust by 715.2% during the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock worth $55,781,000 after purchasing an additional 1,858,658 shares during the period. Bank of Nova Scotia grew its holdings in shares of iShares Silver Trust by 560.6% during the 4th quarter. Bank of Nova Scotia now owns 1,180,797 shares of the exchange traded fund’s stock worth $31,090,000 after purchasing an additional 1,002,050 shares during the period. Leigh Baldwin & CO. LLC purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth about $9,144,000. Finally, Wellington Shields Capital Management LLC grew its holdings in shares of iShares Silver Trust by 392.9% during the 4th quarter. Wellington Shields Capital Management LLC now owns 285,997 shares of the exchange traded fund’s stock worth $7,530,000 after purchasing an additional 227,970 shares during the period.

iShares Silver Trust Stock Down 1.0%

NYSEARCA SLV opened at $29.30 on Friday. The stock has a market cap of $14.52 billion, a PE ratio of -8.51 and a beta of 0.61. iShares Silver Trust has a fifty-two week low of $24.25 and a fifty-two week high of $31.80. The business has a 50 day moving average price of $29.68 and a two-hundred day moving average price of $28.75.

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.