Mirae Asset Global Investments Co. Ltd. Raises Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Mirae Asset Global Investments Co. Ltd. raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,900 shares of the exchange traded fund’s stock after buying an additional 3,100 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Silver Trust were worth $3,547,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SLV. AlphaMark Advisors LLC increased its holdings in iShares Silver Trust by 57.2% in the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 372 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in iShares Silver Trust in 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 purchased a new position in iShares Silver Trust in the second quarter valued at about $32,000.

iShares Silver Trust Trading Up 2.2 %

Shares of iShares Silver Trust stock opened at $31.40 on Wednesday. iShares Silver Trust has a 12-month low of $20.07 and a 12-month high of $31.80. The stock has a market cap of $14.74 billion, a PE ratio of -7.01 and a beta of 0.43. The company has a 50-day moving average of $28.22 and a two-hundred day moving average of $27.16.

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.