Mirae Asset Global Investments Co. Ltd. cut its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 5.8% during the second quarter, HoldingsChannel reports. The firm owned 110,300 shares of the exchange traded fund’s stock after selling 6,800 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Silver Trust were worth $3,619,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of SLV. Kingstone Capital Partners Texas LLC acquired a new position in iShares Silver Trust in the second quarter valued at $162,217,000. Ameriprise Financial Inc. increased its stake in iShares Silver Trust by 127.3% in the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after purchasing an additional 1,460,084 shares during the period. LPL Financial LLC increased its stake in iShares Silver Trust by 13.4% in the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after purchasing an additional 924,353 shares during the period. Carrhae Capital LLP acquired a new position in iShares Silver Trust in the first quarter valued at $17,880,000. Finally, Kaydan Wealth Management Inc. acquired a new position in iShares Silver Trust in the first quarter valued at $15,050,000.
iShares Silver Trust Stock Performance
NYSEARCA SLV opened at $43.39 on Wednesday. The firm has a market cap of $24.10 billion, a PE ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a one year low of $26.19 and a one year high of $44.26. The firm’s fifty day moving average is $37.28 and its two-hundred day moving average is $33.43.
About iShares Silver Trust
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.
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