Global Assets Advisory LLC Invests $4.59 Million in iShares Silver Trust (NYSEARCA:SLV)

Global Assets Advisory LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 201,877 shares of the exchange traded fund’s stock, valued at approximately $4,593,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares Silver Trust in the 3rd quarter worth approximately $377,000. Cary Street Partners Investment Advisory LLC raised its holdings in iShares Silver Trust by 12.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 15,640 shares of the exchange traded fund’s stock worth $318,000 after purchasing an additional 1,773 shares during the period. Bank of Nova Scotia bought a new position in iShares Silver Trust in the 3rd quarter worth $401,000. Lazard Asset Management LLC raised its stake in shares of iShares Silver Trust by 16.3% in the third quarter. Lazard Asset Management LLC now owns 21,854 shares of the exchange traded fund’s stock worth $444,000 after buying an additional 3,065 shares during the period. Finally, RiverGlades Family Offices LLC lifted its position in shares of iShares Silver Trust by 5.1% during the 3rd quarter. RiverGlades Family Offices LLC now owns 18,520 shares of the exchange traded fund’s stock valued at $377,000 after buying an additional 900 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $27.00 on Tuesday. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The company’s fifty day moving average price is $26.61 and its 200-day moving average price is $23.56. iShares Silver Trust has a one year low of $18.97 and a one year high of $29.56.

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.