Daiwa Securities Group Inc. boosted its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 7.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,750 shares of the exchange traded fund’s stock after purchasing an additional 1,900 shares during the period. Daiwa Securities Group Inc.’s holdings in iShares Silver Trust were worth $609,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SLV. Simplicity Wealth LLC acquired a new stake in shares of iShares Silver Trust in the 1st quarter valued at about $37,183,000. Pineridge Advisors LLC acquired a new stake in iShares Silver Trust during the fourth quarter valued at approximately $22,687,000. Yong Rong HK Asset Management Ltd bought a new position in iShares Silver Trust during the 4th quarter worth approximately $10,890,000. Bleakley Financial Group LLC grew its position in shares of iShares Silver Trust by 27.5% in the 4th quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after acquiring an additional 397,836 shares in the last quarter. Finally, Simplicity Solutions LLC increased its holdings in shares of iShares Silver Trust by 26.2% in the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after acquiring an additional 383,336 shares during the last quarter.
iShares Silver Trust Stock Up 1.9 %
SLV opened at $28.69 on Friday. The company’s 50-day moving average price is $27.23 and its 200 day moving average price is $24.05. iShares Silver Trust has a fifty-two week low of $18.97 and a fifty-two week high of $29.56. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.
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.
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