Park Avenue Securities LLC Has $1.18 Million Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Park Avenue Securities LLC boosted its position in iShares Silver Trust (NYSEARCA:SLV) by 30.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,589 shares of the exchange traded fund’s stock after buying an additional 9,680 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Silver Trust were worth $1,182,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. First Community Trust NA bought a new position in iShares Silver Trust in the 3rd quarter worth approximately $54,000. Alternative Investment Advisors LLC. acquired a new stake in shares of iShares Silver Trust in the second quarter worth $244,000. Lazari Capital Management Inc. bought a new position in iShares Silver Trust during the second quarter worth $222,000. Sanctuary Advisors LLC acquired a new position in iShares Silver Trust during the 2nd quarter valued at $1,660,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in iShares Silver Trust in the 2nd quarter valued at $224,000.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $28.00 on Wednesday. The company’s fifty day moving average is $26.96 and its two-hundred day moving average is $26.56. iShares Silver Trust has a 52-week low of $19.80 and a 52-week high of $30.07. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

iShares Silver Trust 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.