D.A. Davidson & CO. Acquires 1,351 Shares of iShares Silver Trust (NYSEARCA:SLV)

D.A. Davidson & CO. grew its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 1.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 117,820 shares of the exchange traded fund’s stock after buying an additional 1,351 shares during the period. D.A. Davidson & CO.’s holdings in iShares Silver Trust were worth $3,102,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Quadrature Capital Ltd purchased a new stake in shares of iShares Silver Trust in the third quarter valued at approximately $91,122,000. Bank of Montreal Can boosted its holdings in shares of iShares Silver Trust by 258.4% in the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock valued at $54,854,000 after purchasing an additional 1,370,298 shares during the period. DRW Securities LLC boosted its holdings in shares of iShares Silver Trust by 1,019.8% in the third quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock valued at $19,598,000 after purchasing an additional 764,813 shares during the period. RIA Advisory Group LLC purchased a new stake in shares of iShares Silver Trust in the third quarter valued at approximately $20,773,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of iShares Silver Trust by 3,449.3% in the third quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after purchasing an additional 524,609 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $29.95 on Friday. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The stock has a 50 day moving average price of $27.94 and a 200 day moving average price of $27.95. iShares Silver Trust has a 52-week low of $20.45 and a 52-week high of $31.80.

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.