iShares Silver Trust $SLV Shares Acquired by Patten Group Inc.

Patten Group Inc. lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 9.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 32,064 shares of the exchange traded fund’s stock after purchasing an additional 2,669 shares during the period. Patten Group Inc.’s holdings in iShares Silver Trust were worth $1,052,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC increased its holdings in shares of iShares Silver Trust by 13.4% during the 1st quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock worth $242,725,000 after buying an additional 924,353 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of iShares Silver Trust during the 2nd quarter worth $162,217,000. Meitav Investment House Ltd. increased its holdings in iShares Silver Trust by 5.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock valued at $97,589,000 after purchasing an additional 152,600 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in iShares Silver Trust by 127.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after purchasing an additional 1,460,084 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in iShares Silver Trust by 8.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,105,854 shares of the exchange traded fund’s stock valued at $65,260,000 after purchasing an additional 166,148 shares in the last quarter.

iShares Silver Trust Trading Down 8.2%

Shares of NYSEARCA SLV opened at $43.79 on Wednesday. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $49.25. The company has a market cap of $23.92 billion, a P/E ratio of -8.51 and a beta of 0.59. The stock has a fifty day moving average price of $39.75 and a 200 day moving average price of $34.56.

iShares Silver Trust 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.