Concurrent Investment Advisors LLC Acquires 6,290 Shares of iShares Silver Trust (NYSEARCA:SLV)

Concurrent Investment Advisors LLC lifted its holdings in iShares Silver Trust (NYSEARCA:SLV) by 23.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,826 shares of the exchange traded fund’s stock after purchasing an additional 6,290 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Silver Trust were worth $864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in shares of iShares Silver Trust during the third quarter valued at approximately $91,122,000. Toronto Dominion Bank raised its position in iShares Silver Trust by 18.6% during the 3rd quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock valued at $64,883,000 after purchasing an additional 358,806 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of iShares Silver Trust by 258.4% in the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after buying an additional 1,370,298 shares during the period. MML Investors Services LLC increased its stake in shares of iShares Silver Trust by 3.6% during the third quarter. MML Investors Services LLC now owns 765,406 shares of the exchange traded fund’s stock valued at $21,745,000 after buying an additional 26,281 shares during the period. Finally, Cadence Wealth Management LLC increased its stake in shares of iShares Silver Trust by 26.2% during the third quarter. Cadence Wealth Management LLC now owns 760,065 shares of the exchange traded fund’s stock valued at $21,593,000 after buying an additional 158,016 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $29.59 on Monday. iShares Silver Trust has a 1-year low of $20.45 and a 1-year high of $31.80. The company has a 50-day moving average of $27.98 and a 200 day moving average of $28.03. The firm has a market cap of $13.89 billion, a PE ratio of -7.01 and a beta of 0.43.

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.