iShares Silver Trust $SLV Holdings Raised by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 102.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,564 shares of the exchange traded fund’s stock after purchasing an additional 9,893 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Silver Trust were worth $1,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SLV. Brighton Jones LLC raised its stake in shares of iShares Silver Trust by 9.2% during the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of iShares Silver Trust during the fourth quarter valued at about $238,000. Capstone Wealth Management Group LLC bought a new stake in shares of iShares Silver Trust during the first quarter valued at about $443,000. Schnieders Capital Management LLC. raised its stake in shares of iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of iShares Silver Trust during the second quarter valued at about $886,000.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $69.04 on Monday. iShares Silver Trust has a fifty-two week low of $29.09 and a fifty-two week high of $109.83. The firm’s 50-day simple moving average is $69.84 and its 200 day simple moving average is $66.77. The stock has a market cap of $39.08 billion, a P/E ratio of -8.51 and a beta of 0.45.

About iShares Silver Trust

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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