Sovran Advisors LLC Makes New $2.23 Million Investment in iShares Silver Trust (NYSEARCA:SLV)

Sovran Advisors LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 82,094 shares of the exchange traded fund’s stock, valued at approximately $2,233,000.

Other large investors have also recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new stake in iShares Silver Trust during the 3rd quarter valued at approximately $91,122,000. Bank of Montreal Can grew its position 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 last quarter. DRW Securities LLC increased its position in iShares Silver Trust by 1,019.8% during the third quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock worth $19,598,000 after buying an additional 764,813 shares in the last quarter. RIA Advisory Group LLC acquired a new position in shares of iShares Silver Trust in the third quarter valued at approximately $20,773,000. Finally, International Assets Investment Management LLC increased its stake in 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 last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $29.20 on Tuesday. The company has a 50 day moving average price of $27.79 and a 200 day moving average price of $27.77. iShares Silver Trust has a one year low of $20.11 and a one year high of $31.80. The firm has a market capitalization of $13.71 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.