Carrera Capital Advisors Invests $8.74 Million in iShares Silver Trust (NYSEARCA:SLV)

Carrera Capital Advisors acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 328,889 shares of the exchange traded fund’s stock, valued at approximately $8,739,000. iShares Silver Trust comprises about 2.9% of Carrera Capital Advisors’ investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Corient Private Wealth LLC increased its position in iShares Silver Trust by 5.9% during the fourth quarter. Corient Private Wealth LLC now owns 52,038 shares of the exchange traded fund’s stock worth $1,133,000 after buying an additional 2,894 shares in the last quarter. Bank of Nova Scotia increased its position in iShares Silver Trust by 474.0% during the 4th quarter. Bank of Nova Scotia now owns 113,140 shares of the exchange traded fund’s stock worth $2,473,000 after purchasing an additional 93,430 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in iShares Silver Trust by 38.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 69,019 shares of the exchange traded fund’s stock valued at $1,503,000 after purchasing an additional 19,255 shares during the last quarter. ROI Financial Advisors LLC purchased a new position in iShares Silver Trust in the 4th quarter valued at about $338,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in iShares Silver Trust by 11.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 147,247 shares of the exchange traded fund’s stock valued at $3,207,000 after purchasing an additional 15,442 shares in the last quarter.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $28.41 on Tuesday. iShares Silver Trust has a 1-year low of $18.97 and a 1-year high of $29.56. The firm has a 50 day simple moving average of $26.60 and a 200-day simple moving average of $26.31. The firm has a market cap of $13.33 billion, a PE ratio of -7.01 and a beta of 0.43.

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.