Highland Investment Advisors LLC Buys Shares of 13,954 iShares Silver Trust $SLV

Highland Investment Advisors LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,954 shares of the exchange traded fund’s stock, valued at approximately $746,000.

Several other hedge funds also recently made changes to their positions in the stock. Tableaux LLC purchased a new stake in iShares Silver Trust during the 4th quarter worth about $133,233,000. Bank of Montreal Can grew its holdings in iShares Silver Trust by 505.8% during the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after buying an additional 1,852,688 shares in the last quarter. Focus Partners Wealth grew its holdings in iShares Silver Trust by 480.3% during the 4th quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock valued at $47,936,000 after buying an additional 615,902 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of 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 buying an additional 573,660 shares during the period. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of iShares Silver Trust during the fourth quarter valued at about $36,485,000.

iShares Silver Trust Trading Down 1.2%

Shares of iShares Silver Trust stock opened at $59.82 on Friday. iShares Silver Trust has a 12-month low of $36.97 and a 12-month high of $109.83. The company has a market cap of $31.95 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53. The company’s 50-day moving average price is $56.04 and its 200-day moving average price is $64.19.

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.