Mirae Asset Global Investments Co. Ltd. Increases Stake in iShares Silver Trust (NYSEARCA:SLV)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 1.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 117,100 shares of the exchange traded fund’s stock after purchasing an additional 1,700 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Silver Trust were worth $3,630,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SLV. Prosperity Financial Group Inc. lifted its stake in iShares Silver Trust by 3.6% in the fourth quarter. Prosperity Financial Group Inc. now owns 9,972 shares of the exchange traded fund’s stock worth $263,000 after acquiring an additional 349 shares during the last quarter. Banco BTG Pactual S.A. raised its holdings in shares of iShares Silver Trust by 0.3% in the 4th quarter. Banco BTG Pactual S.A. now owns 119,560 shares of the exchange traded fund’s stock valued at $3,220,000 after purchasing an additional 350 shares in the last quarter. Kiley Juergens Wealth Management LLC lifted its position in shares of iShares Silver Trust by 1.9% during the 1st quarter. Kiley Juergens Wealth Management LLC now owns 19,193 shares of the exchange traded fund’s stock worth $595,000 after purchasing an additional 360 shares during the last quarter. GFS Advisors LLC grew its stake in shares of iShares Silver Trust by 0.7% during the first quarter. GFS Advisors LLC now owns 49,992 shares of the exchange traded fund’s stock worth $1,549,000 after purchasing an additional 367 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL grew its stake in shares of iShares Silver Trust by 1.4% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 30,095 shares of the exchange traded fund’s stock worth $770,000 after purchasing an additional 413 shares in the last quarter.

iShares Silver Trust Trading Up 1.6%

Shares of NYSEARCA:SLV opened at $33.24 on Thursday. The firm has a 50 day simple moving average of $31.22 and a 200-day simple moving average of $29.57. The company has a market capitalization of $17.54 billion, a PE ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a twelve month low of $24.25 and a twelve month high of $33.87.

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.