DCF Advisers LLC Buys 96,600 Shares of iShares Silver Trust (NYSEARCA:SLV)

DCF Advisers LLC grew its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 193.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 146,600 shares of the exchange traded fund’s stock after purchasing an additional 96,600 shares during the period. iShares Silver Trust comprises 2.0% of DCF Advisers LLC’s investment portfolio, making the stock its 15th largest position. DCF Advisers LLC’s holdings in iShares Silver Trust were worth $3,895,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. NWI Management LP grew its position in 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 buying an additional 5,263,305 shares during the period. Commonwealth Equity Services LLC increased its position in iShares Silver Trust by 16.2% in the second quarter. Commonwealth Equity Services LLC now owns 1,845,780 shares of the exchange traded fund’s stock worth $49,042,000 after purchasing an additional 257,022 shares during the last quarter. Meitav Investment House Ltd. bought a new stake in shares of iShares Silver Trust in the 2nd quarter worth about $45,688,000. SG Americas Securities LLC raised its position in iShares Silver Trust by 32.3% during the first quarter. SG Americas Securities LLC now owns 1,574,171 shares of the exchange traded fund’s stock valued at $35,812,000 after purchasing an additional 384,056 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of iShares Silver Trust by 17.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,352,014 shares of the exchange traded fund’s stock valued at $35,923,000 after acquiring an additional 204,606 shares during the period.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $28.09 on Friday. The firm has a 50-day simple moving average of $26.44 and a two-hundred day simple moving average of $25.92. iShares Silver Trust has a 1 year low of $18.97 and a 1 year high of $29.56. The company has a market cap of $13.18 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.