Panoramic Capital LLC Buys New Shares in iShares Silver Trust $SLV

Panoramic Capital LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 70,000 shares of the exchange traded fund’s stock, valued at approximately $2,169,000. iShares Silver Trust accounts for approximately 2.3% of Panoramic Capital LLC’s holdings, making the stock its 13th largest position.

Several other hedge funds have also made changes to their positions in the stock. LPL Financial LLC lifted its stake in shares of iShares Silver Trust by 13.4% in the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after buying an additional 924,353 shares during the period. Toronto Dominion Bank lifted its stake in shares of iShares Silver Trust by 89.2% in the fourth quarter. Toronto Dominion Bank now owns 4,321,293 shares of the exchange traded fund’s stock valued at $122,646,000 after buying an additional 2,037,487 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of iShares Silver Trust by 127.3% in the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after buying an additional 1,460,084 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of iShares Silver Trust by 8.6% in the first quarter. Commonwealth Equity Services LLC now owns 2,105,854 shares of the exchange traded fund’s stock valued at $65,260,000 after buying an additional 166,148 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of iShares Silver Trust by 20.1% in the first quarter. Cetera Investment Advisers now owns 1,235,483 shares of the exchange traded fund’s stock valued at $38,288,000 after buying an additional 207,050 shares during the period.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $37.21 on Friday. The firm has a 50-day simple moving average of $34.66 and a 200 day simple moving average of $31.81. iShares Silver Trust has a twelve month low of $25.27 and a twelve month high of $37.64. The stock has a market cap of $19.98 billion, a PE ratio of -8.51 and a beta of 0.59.

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.