Highland Investment Advisors LLC Acquires New Stake in iShares Silver Trust $SLV

Highland Investment Advisors LLC bought a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 13,954 shares of the exchange traded fund’s stock, valued at approximately $746,000.

A number of other institutional investors have also added to or reduced their stakes in SLV. Raymond James Financial Inc. boosted its position in shares of iShares Silver Trust by 12.7% during the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. raised its stake 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 purchasing an additional 573,660 shares in the last quarter. Bank of Montreal Can lifted its position in iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after purchasing an additional 1,852,688 shares during the last quarter. Tableaux LLC purchased a new position in iShares Silver Trust in the 4th quarter worth approximately $133,233,000. Finally, MML Investors Services LLC increased its holdings in shares of iShares Silver Trust by 34.8% in the 4th quarter. MML Investors Services LLC now owns 1,402,204 shares of the exchange traded fund’s stock worth $90,330,000 after buying an additional 362,291 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $59.82 on Friday. The firm has a market capitalization of $31.95 billion, a PE ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a 52-week low of $36.97 and a 52-week high of $109.83. The firm has a fifty day moving average of $56.04 and a 200 day moving average of $64.19.

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.