J.W. Cole Advisors Inc. raised its position in iShares Silver Trust (NYSEARCA:SLV) by 11.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,001 shares of the exchange traded fund’s stock after buying an additional 7,440 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in iShares Silver Trust were worth $1,657,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SLV. Eudaimonia Partners LLC purchased a new stake in iShares Silver Trust in the third quarter valued at approximately $119,000. Mercer Global Advisors Inc. ADV purchased a new stake in iShares Silver Trust in the third quarter valued at approximately $353,000. Cacti Asset Management LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $248,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $307,000. Finally, Lowe Wealth Advisors LLC lifted its stake in iShares Silver Trust by 16.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 7,053 shares of the exchange traded fund’s stock valued at $173,000 after buying an additional 1,000 shares during the last quarter.
Shares of NYSEARCA SLV opened at $24.96 on Tuesday. iShares Silver Trust has a twelve month low of $13.73 and a twelve month high of $27.98. The stock has a 50 day moving average of $23.73 and a two-hundred day moving average of $23.63.
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.
Further Reading: Understanding Price to Earnings Ratio (PE)
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