Raymond James Trust N.A. Grows Stock Holdings in iShares Silver Trust (NYSEARCA:SLV)

Raymond James Trust N.A. lifted its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,881 shares of the exchange traded fund’s stock after acquiring an additional 383 shares during the quarter. Raymond James Trust N.A.’s holdings in iShares Silver Trust were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SLV. AlphaMark Advisors LLC lifted its holdings in iShares Silver Trust by 57.2% during the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 372 shares during the period. Spartan Fund Management Inc. bought a new stake in iShares Silver Trust during the third quarter valued at about $28,000. Triad Wealth Partners LLC purchased a new position in iShares Silver Trust in the second quarter valued at about $29,000. Jamison Private Wealth Management Inc. purchased a new position in iShares Silver Trust in the third quarter valued at about $31,000. Finally, Strategic Financial Concepts LLC bought a new position in iShares Silver Trust in the second quarter worth about $32,000.

iShares Silver Trust Stock Performance

SLV stock opened at $27.80 on Wednesday. The firm has a 50-day simple moving average of $28.98 and a two-hundred day simple moving average of $27.63. iShares Silver Trust has a one year low of $20.07 and a one year high of $31.80. The firm has a market cap of $13.05 billion, a price-to-earnings 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.