Alternative Investment Advisors LLC. Buys New Stake in iShares Silver Trust (NYSEARCA:SLV)

Alternative Investment Advisors LLC. purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, Holdings Channel reports. The firm purchased 9,200 shares of the exchange traded fund’s stock, valued at approximately $244,000.

Other institutional investors also recently made changes to their positions in the company. NWI Management LP boosted its stake in shares of iShares Silver Trust by 10,526.6% during the first quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after acquiring an additional 5,263,305 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in iShares Silver Trust by 16.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,845,780 shares of the exchange traded fund’s stock valued at $49,042,000 after purchasing an additional 257,022 shares during the last quarter. Meitav Investment House Ltd. purchased a new position in iShares Silver Trust in the 2nd quarter valued at about $45,688,000. SG Americas Securities LLC boosted its stake in shares of iShares Silver Trust by 32.3% during the 1st quarter. SG Americas Securities LLC now owns 1,574,171 shares of the exchange traded fund’s stock worth $35,812,000 after purchasing an additional 384,056 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of iShares Silver Trust by 17.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,352,014 shares of the exchange traded fund’s stock worth $35,923,000 after buying an additional 204,606 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV opened at $29.01 on Thursday. iShares Silver Trust has a fifty-two week low of $18.97 and a fifty-two week high of $29.56. The company has a market capitalization of $13.62 billion, a PE ratio of -7.01 and a beta of 0.43. The stock has a fifty day moving average of $26.64 and a two-hundred day moving average of $26.35.

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.