Miller Financial Services LLC Purchases 4,063 Shares of iShares Silver Trust $SLV

Miller Financial Services LLC lifted its position in iShares Silver Trust (NYSEARCA:SLV) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,597 shares of the exchange traded fund’s stock after purchasing an additional 4,063 shares during the period. iShares Silver Trust comprises about 2.1% of Miller Financial Services LLC’s portfolio, making the stock its 10th biggest holding. Miller Financial Services LLC’s holdings in iShares Silver Trust were worth $1,660,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SLV. Kingstone Capital Partners Texas LLC purchased a new position in iShares Silver Trust in the second quarter valued at $162,217,000. Ameriprise Financial Inc. grew its position 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 valued at $80,514,000 after acquiring an additional 1,460,084 shares during the period. LPL Financial LLC increased its stake in shares of iShares Silver Trust by 13.4% in the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after purchasing an additional 924,353 shares in the last quarter. GLOBALT Investments LLC GA acquired a new position in iShares Silver Trust in the 2nd quarter worth about $29,459,000. Finally, Yong Rong HK Asset Management Ltd boosted its position in iShares Silver Trust by 299.6% during the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock worth $26,248,000 after purchasing an additional 599,800 shares in the last quarter.

iShares Silver Trust Trading Up 0.8%

Shares of SLV opened at $46.45 on Thursday. The firm has a market cap of $25.02 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12 month low of $26.19 and a 12 month high of $49.25. The stock’s 50 day moving average is $43.51 and its two-hundred day moving average is $36.88.

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.