PNC Financial Services Group Inc. grew its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 4.0% during the 1st quarter, Holdings Channel reports. The firm owned 361,349 shares of the exchange traded fund’s stock after purchasing an additional 13,741 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Silver Trust were worth $24,622,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of SLV. Tableaux LLC acquired a new position in shares of iShares Silver Trust during the 4th quarter worth about $133,233,000. Bank of Montreal Can boosted its holdings in iShares Silver Trust by 505.8% in the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after buying an additional 1,852,688 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in iShares Silver Trust by 259.9% in the 4th quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock worth $90,188,000 after buying an additional 1,011,000 shares during the last quarter. Mainstay Capital Management LLC ADV increased its stake in iShares Silver Trust by 82.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after buying an additional 824,589 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in iShares Silver Trust by 480.3% during the 4th quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock worth $47,936,000 after buying an additional 615,902 shares in the last quarter.
iShares Silver Trust Price Performance
Shares of iShares Silver Trust stock opened at $52.59 on Friday. The business has a 50 day simple moving average of $59.15 and a two-hundred day simple moving average of $68.86. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83. The stock has a market capitalization of $28.09 billion, a P/E ratio of -8.51 and a beta of 0.49.
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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.
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