Victory Financial Group LLC Makes New $1.31 Million Investment in iShares Silver Trust $SLV

Victory Financial Group LLC acquired a new position in iShares Silver Trust (NYSEARCA:SLVFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,340 shares of the exchange traded fund’s stock, valued at approximately $1,310,000.

A number of other hedge funds have also made changes to their positions in SLV. Raymond James Financial Inc. lifted its holdings in shares of iShares Silver Trust by 12.7% during the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares in the last quarter. Ameriprise Financial Inc. raised its position in iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after purchasing an additional 573,660 shares during the period. Commonwealth Equity Services LLC raised its position in iShares Silver Trust by 1.3% in the third quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock valued at $85,732,000 after purchasing an additional 26,710 shares during the period. HighTower Advisors LLC lifted its stake in shares of iShares Silver Trust by 5.7% during the third quarter. HighTower Advisors LLC now owns 1,750,124 shares of the exchange traded fund’s stock worth $74,153,000 after purchasing an additional 94,521 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after purchasing an additional 273,913 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $68.14 on Wednesday. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83. The company has a market capitalization of $37.51 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The business has a 50-day moving average of $75.86 and a 200-day moving average of $60.90.

iShares Silver Trust News Roundup

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iShares Silver Trust Company Profile

(Free Report)

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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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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