iShares Silver Trust $SLV Stake Boosted by Parallel Advisors LLC

Parallel Advisors LLC lifted its stake in iShares Silver Trust (NYSEARCA:SLV) by 148.8% during the first quarter, HoldingsChannel reports. The fund owned 23,896 shares of the exchange traded fund’s stock after purchasing an additional 14,293 shares during the quarter. Parallel Advisors LLC’s holdings in iShares Silver Trust were worth $1,628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SLV. Brighton Jones LLC boosted its position in 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 during the last quarter. Bison Wealth LLC acquired a new position in iShares Silver Trust in the 4th quarter worth about $238,000. Capstone Wealth Management Group LLC acquired a new position in iShares Silver Trust in the 1st quarter worth about $443,000. Schnieders Capital Management LLC. raised its stake in shares of iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of iShares Silver Trust during the 2nd quarter worth about $886,000.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $57.50 on Friday. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a 52-week low of $33.85 and a 52-week high of $109.83. The stock has a 50-day simple moving average of $56.20 and a 200-day simple moving average of $67.30.

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.