Summit Financial LLC Has $978,000 Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Summit Financial LLC boosted its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 210.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,145 shares of the exchange traded fund’s stock after purchasing an additional 25,175 shares during the quarter. Summit Financial LLC’s holdings in iShares Silver Trust were worth $978,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of iShares Silver Trust by 46.4% in the 3rd quarter. FMR LLC now owns 16,201 shares of the exchange traded fund’s stock worth $460,000 after acquiring an additional 5,135 shares during the period. Walleye Capital LLC bought a new position in iShares Silver Trust in the third quarter worth $764,000. Rockefeller Capital Management L.P. lifted its position in iShares Silver Trust by 5.7% in the third quarter. Rockefeller Capital Management L.P. now owns 136,521 shares of the exchange traded fund’s stock worth $3,879,000 after purchasing an additional 7,388 shares during the period. Captrust Financial Advisors boosted its stake in iShares Silver Trust by 3.3% during the third quarter. Captrust Financial Advisors now owns 182,354 shares of the exchange traded fund’s stock worth $5,181,000 after buying an additional 5,748 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in iShares Silver Trust by 1,087.6% in the 3rd quarter. Verition Fund Management LLC now owns 220,172 shares of the exchange traded fund’s stock valued at $6,255,000 after buying an additional 201,633 shares during the period.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $30.63 on Wednesday. The company has a 50-day moving average of $29.48 and a 200-day moving average of $28.73. iShares Silver Trust has a 52 week low of $23.24 and a 52 week high of $31.80. The company has a market capitalization of $15.09 billion, a price-to-earnings ratio of -8.96 and a beta of 0.59.

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.