iShares Silver Trust (NYSEARCA:SLV) Shares Purchased by Commerce Bank

Commerce Bank raised its position in iShares Silver Trust (NYSEARCA:SLV) by 11.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,293 shares of the exchange traded fund’s stock after acquiring an additional 2,103 shares during the quarter. Commerce Bank’s holdings in iShares Silver Trust were worth $577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in shares of iShares Silver Trust by 1.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,875,896 shares of the exchange traded fund’s stock valued at $53,294,000 after purchasing an additional 30,116 shares during the period. Meitav Investment House Ltd. acquired a new position in shares of iShares Silver Trust in the second quarter worth $45,688,000. Raymond James Financial Services Advisors Inc. increased its position 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 acquiring an additional 204,606 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of iShares Silver Trust by 27.9% in the second quarter. Envestnet Asset Management Inc. now owns 1,190,547 shares of the exchange traded fund’s stock valued at $31,633,000 after acquiring an additional 259,988 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in iShares Silver Trust by 14.5% in the second quarter. Cetera Investment Advisers now owns 935,476 shares of the exchange traded fund’s stock valued at $24,856,000 after purchasing an additional 118,715 shares during the period.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $27.64 on Tuesday. The company has a market cap of $12.97 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The stock’s 50-day moving average is $28.98 and its two-hundred day moving average is $27.63. iShares Silver Trust has a 1-year low of $20.07 and a 1-year high of $31.80.

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.