Mercer Global Advisors Inc. ADV lifted its stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 13.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,983 shares of the exchange traded fund’s stock after acquiring an additional 6,943 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in iShares Silver Trust were worth $1,567,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. AlphaMark Advisors LLC boosted its stake in iShares Silver Trust by 57.2% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 372 shares during the period. Triad Wealth Partners LLC bought a new position in iShares Silver Trust in the 2nd quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new position in iShares Silver Trust in the 4th quarter worth approximately $26,000. West Oak Capital LLC boosted its stake in iShares Silver Trust by 102.3% in the 2nd quarter. West Oak Capital LLC now owns 1,295 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 655 shares during the period. Finally, Atwood & Palmer Inc. bought a new position in iShares Silver Trust in the 2nd quarter worth approximately $38,000.
iShares Silver Trust Price Performance
SLV stock opened at $29.39 on Wednesday. iShares Silver Trust has a 1-year low of $18.97 and a 1-year high of $29.56. The company has a market capitalization of $13.79 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The business has a 50 day simple moving average of $26.45 and a two-hundred day simple moving average of $26.13.
iShares Silver Trust 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.
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