Mirae Asset Global Investments Co. Ltd. boosted its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 151.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,278 shares of the exchange traded fund’s stock after buying an additional 142,978 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Silver Trust were worth $12,687,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in SLV. Praxis Capital Management LLC boosted its holdings in shares of iShares Silver Trust by 100.0% during the second quarter. Praxis Capital Management LLC now owns 33,000 shares of the exchange traded fund’s stock valued at $1,765,000 after acquiring an additional 16,500 shares during the period. Quantum Financial Partners LLC bought a new position in shares of iShares Silver Trust during the second quarter worth about $969,000. Triumph Capital Management grew its position in shares of iShares Silver Trust by 54.1% during the second quarter. Triumph Capital Management now owns 1,139 shares of the exchange traded fund’s stock worth $61,000 after acquiring an additional 400 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of iShares Silver Trust by 7.7% in the 2nd quarter. Merit Financial Group LLC now owns 57,468 shares of the exchange traded fund’s stock worth $3,073,000 after acquiring an additional 4,132 shares during the period. Finally, Family CFO Inc acquired a new stake in shares of iShares Silver Trust in the 2nd quarter worth about $224,000.
iShares Silver Trust Stock Down 1.5%
Shares of NYSEARCA:SLV opened at $58.16 on Friday. The company has a market cap of $31.06 billion, a PE ratio of -8.51 and a beta of 0.50. The company’s 50-day moving average price is $55.52 and its 200 day moving average price is $66.40. iShares Silver Trust has a fifty-two week low of $33.85 and a fifty-two week high of $109.83.
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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