Harmony Asset Management LLC Takes $213,000 Position in iShares Silver Trust (NYSEARCA:SLV)

Harmony Asset Management LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,000 shares of the exchange traded fund’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLV. NWI Management LP raised its holdings in iShares Silver Trust by 10,526.6% in the first quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock worth $120,878,000 after buying an additional 5,263,305 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of iShares Silver Trust by 16.2% during the second quarter. Commonwealth Equity Services LLC now owns 1,845,780 shares of the exchange traded fund’s stock valued at $49,042,000 after acquiring an additional 257,022 shares in the last quarter. Meitav Investment House Ltd. purchased a new position in iShares Silver Trust in the 2nd quarter worth approximately $45,688,000. SG Americas Securities LLC lifted its position in iShares Silver Trust by 32.3% in the 1st quarter. SG Americas Securities LLC now owns 1,574,171 shares of the exchange traded fund’s stock valued at $35,812,000 after acquiring an additional 384,056 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in iShares Silver Trust by 17.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,352,014 shares of the exchange traded fund’s stock valued at $35,923,000 after purchasing an additional 204,606 shares during the last quarter.

iShares Silver Trust Trading Down 1.5 %

iShares Silver Trust stock opened at $27.98 on Tuesday. iShares Silver Trust has a 12 month low of $18.97 and a 12 month high of $29.56. The stock has a fifty day simple moving average of $26.43 and a two-hundred day simple moving average of $26.08. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

About iShares Silver Trust

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.