iShares Silver Trust $SLV Stake Increased by FLC Capital Advisors

FLC Capital Advisors increased its stake in iShares Silver Trust (NYSEARCA:SLV) by 10.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,500 shares of the exchange traded fund’s stock after buying an additional 1,500 shares during the quarter. FLC Capital Advisors’ holdings in iShares Silver Trust were worth $541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLV. Kingstone Capital Partners Texas LLC acquired a new position in iShares Silver Trust in the second quarter worth approximately $162,217,000. Ameriprise Financial Inc. raised 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 purchasing an additional 1,460,084 shares in the last quarter. LPL Financial LLC raised its stake in iShares Silver Trust by 13.4% during the first 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 in the last quarter. Carrhae Capital LLP acquired a new position in iShares Silver Trust during the first quarter worth $17,880,000. Finally, Marks Wealth LLC acquired a new stake in shares of iShares Silver Trust in the first quarter valued at $12,726,000.

iShares Silver Trust Trading Down 4.4%

Shares of SLV opened at $46.99 on Monday. iShares Silver Trust has a 1 year low of $26.19 and a 1 year high of $49.25. The stock has a market cap of $26.19 billion, a P/E ratio of -8.51 and a beta of 0.59. The stock’s 50-day moving average price is $39.29 and its two-hundred day moving average price is $34.35.

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.