D.A. Davidson & CO. Increases Stock Position in iShares Silver Trust $SLV

D.A. Davidson & CO. increased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 17.9% during the second quarter, HoldingsChannel.com reports. The fund owned 169,551 shares of the exchange traded fund’s stock after buying an additional 25,699 shares during the period. D.A. Davidson & CO.’s holdings in iShares Silver Trust were worth $9,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Tableaux LLC acquired a new stake in iShares Silver Trust during the 4th quarter worth $133,233,000. Bank of Montreal Can grew its position 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 worth $142,946,000 after purchasing an additional 1,852,688 shares during the last quarter. Teacher Retirement System of Texas increased its stake in iShares Silver Trust by 259.9% in the fourth quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock valued at $90,188,000 after purchasing an additional 1,011,000 shares during the period. Mainstay Capital Management LLC ADV increased its stake in iShares Silver Trust by 82.5% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after purchasing an additional 824,589 shares during the period. Finally, Focus Partners Wealth raised its holdings in shares of iShares Silver Trust by 480.3% in the fourth 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 during the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV opened at $58.48 on Friday. iShares Silver Trust has a fifty-two week low of $33.85 and a fifty-two week high of $109.83. The company has a market capitalization of $31.23 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. The firm has a 50-day simple moving average of $55.46 and a 200-day simple moving average of $66.34.

iShares Silver Trust Company 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. 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.