Renaissance Technologies LLC Purchases Shares of 109,138 iShares Silver Trust $SLV

Renaissance Technologies LLC acquired a new position in iShares Silver Trust (NYSEARCA:SLV) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 109,138 shares of the exchange traded fund’s stock, valued at approximately $7,437,000.

A number of other hedge funds have also recently made changes to their positions in SLV. Raymond James Financial Inc. grew its position in shares of iShares Silver Trust by 12.7% during the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after buying an additional 313,816 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares in the last quarter. Bank of Montreal Can lifted its stake in iShares Silver Trust by 505.8% in the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after acquiring an additional 1,852,688 shares during the last quarter. Tableaux LLC purchased a new position in iShares Silver Trust in the fourth quarter worth approximately $133,233,000. Finally, Mainstay Capital Management LLC ADV grew its holdings in iShares Silver Trust by 82.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after acquiring an additional 824,589 shares in the last quarter.

iShares Silver Trust Trading Up 0.2%

Shares of SLV stock opened at $52.46 on Tuesday. The firm has a fifty day moving average price of $57.21 and a 200 day moving average price of $67.95. The company has a market cap of $28.02 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 12 month low of $33.85 and a 12 month 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.