Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares Silver Trust (NYSEARCA:SLV – Free Report) during the third quarter, Holdings Channel reports. The firm purchased 261,178 shares of the exchange traded fund’s stock, valued at approximately $14,237,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Axiom Investment Management LLC bought a new stake in iShares Silver Trust during the first quarter worth about $26,000. Horizons Wealth Management bought a new position in iShares Silver Trust in the 3rd quarter valued at about $26,000. West Branch Capital LLC bought a new position in iShares Silver Trust in the 2nd quarter valued at about $27,000. Bullseye Investment Management LLC bought a new position in iShares Silver Trust in the 2nd quarter valued at about $27,000. Finally, Cape Investment Advisory Inc. bought a new position in iShares Silver Trust in the 2nd quarter valued at about $38,000.
iShares Silver Trust Trading Down 1.6%
Shares of NYSEARCA:SLV opened at $44.84 on Wednesday. The firm has a 50 day moving average of $55.13 and a 200-day moving average of $64.01. The stock has a market capitalization of $24.13 billion, a PE ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a 12 month low of $42.51 and a 12 month high of $109.83.
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.
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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
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