iShares Silver Trust $SLV Stock: Parallel Advisors LLC Increases Position

Parallel Advisors LLC boosted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 196.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,787 shares of the exchange traded fund’s stock after purchasing an additional 60,806 shares during the period. Parallel Advisors LLC’s holdings in iShares Silver Trust were worth $5,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tudor Financial Inc. boosted its holdings in shares of iShares Silver Trust by 265.8% during the 2nd quarter. Tudor Financial Inc. now owns 23,928 shares of the exchange traded fund’s stock valued at $1,279,000 after buying an additional 17,387 shares in the last quarter. Highland Investment Advisors LLC bought a new position in shares of iShares Silver Trust in the 2nd quarter worth about $746,000. HighTower Advisors LLC increased its stake in shares of iShares Silver Trust by 7.5% in the 2nd quarter. HighTower Advisors LLC now owns 1,165,149 shares of the exchange traded fund’s stock worth $62,300,000 after acquiring an additional 81,257 shares in the last quarter. Headlands Technologies LLC purchased a new position in iShares Silver Trust during the 2nd quarter valued at about $446,000. Finally, Concurrent Investment Advisors LLC lifted its position in iShares Silver Trust by 32.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 102,777 shares of the exchange traded fund’s stock valued at $5,495,000 after acquiring an additional 25,431 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $46.87 on Friday. iShares Silver Trust has a one year low of $43.51 and a one year high of $109.83. The company’s 50-day simple moving average is $54.22 and its 200 day simple moving average is $63.47. The firm has a market capitalization of $25.23 billion, a P/E ratio of -8.51 and a beta of 0.53.

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.