Savvy Advisors Inc. Boosts Stake in iShares Silver Trust $SLV

Savvy Advisors Inc. grew its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 3.3% during the second quarter, Holdings Channel reports. The fund owned 18,874 shares of the exchange traded fund’s stock after purchasing an additional 600 shares during the period. Savvy Advisors Inc.’s holdings in iShares Silver Trust were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of iShares Silver Trust by 13.4% during the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock worth $242,725,000 after acquiring an additional 924,353 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Silver Trust during the 2nd quarter worth approximately $162,217,000. Meitav Investment House Ltd. grew its holdings in shares of iShares Silver Trust by 5.4% during the 2nd quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock worth $97,589,000 after acquiring an additional 152,600 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares Silver Trust by 127.3% during the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock worth $80,514,000 after acquiring an additional 1,460,084 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of iShares Silver Trust by 8.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,105,854 shares of the exchange traded fund’s stock worth $65,260,000 after acquiring an additional 166,148 shares during the period.

iShares Silver Trust Stock Down 0.7%

iShares Silver Trust stock opened at $44.01 on Friday. The company has a market capitalization of $23.92 billion, a P/E ratio of -8.51 and a beta of 0.38. The stock’s 50 day moving average is $41.19 and its 200 day moving average is $35.42. iShares Silver Trust has a twelve month low of $26.19 and a twelve month high of $49.25.

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.