Bank of New York Mellon Corp Raises Stock Position in iShares Silver Trust $SLV

Bank of New York Mellon Corp raised its position in iShares Silver Trust (NYSEARCA:SLV) by 54.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 701,734 shares of the exchange traded fund’s stock after acquiring an additional 246,115 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Silver Trust were worth $23,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLV. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at approximately $162,217,000. Ameriprise Financial Inc. increased its stake in iShares Silver Trust by 127.3% during the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock worth $80,514,000 after acquiring an additional 1,460,084 shares during the last quarter. LPL Financial LLC increased its stake in iShares Silver Trust by 13.4% during the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock worth $242,725,000 after acquiring an additional 924,353 shares during the last quarter. GLOBALT Investments LLC GA purchased a new stake in iShares Silver Trust in the second quarter valued at $29,459,000. Finally, Yong Rong HK Asset Management Ltd raised its position in iShares Silver Trust by 299.6% in the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock valued at $26,248,000 after purchasing an additional 599,800 shares during the period.

iShares Silver Trust Stock Down 3.1%

Shares of iShares Silver Trust stock opened at $45.96 on Friday. The firm has a market cap of $24.76 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 52 week low of $26.19 and a 52 week high of $49.25. The business’s fifty day simple moving average is $42.99 and its 200-day simple moving average is $36.53.

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.