Proficio Capital Partners LLC Grows Position in iShares Silver Trust $SLV

Proficio Capital Partners LLC increased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 63.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 240,560 shares of the exchange traded fund’s stock after buying an additional 93,432 shares during the period. Proficio Capital Partners LLC’s holdings in iShares Silver Trust were worth $12,863,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. increased its position in shares of iShares Silver Trust by 12.7% during the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares in the last quarter. Ameriprise Financial Inc. increased its position in iShares Silver Trust by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after acquiring an additional 573,660 shares during the last quarter. Bank of Montreal Can boosted its position in iShares Silver Trust by 505.8% in the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after purchasing an additional 1,852,688 shares during the last quarter. Tableaux LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $133,233,000. Finally, MML Investors Services LLC grew its stake in shares of iShares Silver Trust by 34.8% during the 4th quarter. MML Investors Services LLC now owns 1,402,204 shares of the exchange traded fund’s stock valued at $90,330,000 after purchasing an additional 362,291 shares during the period.

iShares Silver Trust Stock Up 0.2%

NYSEARCA SLV opened at $60.13 on Tuesday. The company has a 50-day moving average price of $55.56 and a 200-day moving average price of $64.48. iShares Silver Trust has a 52 week low of $35.32 and a 52 week high of $109.83. The firm has a market capitalization of $32.12 billion, a P/E ratio of -8.51 and a beta of 0.50.

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.