Flow Traders U.S. LLC Makes New Investment in iShares Silver Trust $SLV

Flow Traders U.S. LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, HoldingsChannel reports. The fund acquired 85,351 shares of the exchange traded fund’s stock, valued at approximately $3,616,000.

Several other institutional investors have also modified their holdings of the stock. Quadrature Capital Ltd raised its position in shares of iShares Silver Trust by 1,691.5% during the 3rd quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock worth $40,681,000 after purchasing an additional 906,747 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in iShares Silver Trust by 1,557.6% in the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock worth $30,006,000 after buying an additional 859,355 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Silver Trust during the 2nd quarter worth approximately $26,643,000. Ameriprise Financial Inc. increased its stake in iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after buying an additional 573,660 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of iShares Silver Trust during the second quarter valued at approximately $17,597,000.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $73.22 on Tuesday. The company has a market cap of $40.31 billion, a PE ratio of -8.51 and a beta of 0.38. The stock’s 50 day simple moving average is $78.74 and its 200-day simple moving average is $58.75. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83.

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.