GPS Wealth Strategies Group LLC Boosts Stock Position in iShares Silver Trust (NYSEARCA:SLV)

GPS Wealth Strategies Group LLC raised its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 109.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,081 shares of the exchange traded fund’s stock after buying an additional 2,136 shares during the period. GPS Wealth Strategies Group LLC’s holdings in iShares Silver Trust were worth $107,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in shares of iShares Silver Trust during the third quarter worth about $91,122,000. Toronto Dominion Bank grew its position in iShares Silver Trust by 18.6% during the 3rd quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after purchasing an additional 358,806 shares during the last quarter. Bank of Montreal Can increased its stake in iShares Silver Trust by 258.4% during the 3rd 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 in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of iShares Silver Trust by 1.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,875,896 shares of the exchange traded fund’s stock worth $53,294,000 after buying an additional 30,116 shares during the period. Finally, Money Design Co. Ltd. grew its holdings in shares of iShares Silver Trust by 1.7% during the third quarter. Money Design Co. Ltd. now owns 822,380 shares of the exchange traded fund’s stock valued at $23,364,000 after buying an additional 13,473 shares during the last quarter.

iShares Silver Trust Stock Up 0.6 %

Shares of NYSEARCA:SLV opened at $28.67 on Tuesday. iShares Silver Trust has a 52-week low of $20.11 and a 52-week high of $31.80. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The business has a 50-day moving average price of $27.64 and a 200-day moving average price of $27.67.

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.