Money Concepts Capital Corp Boosts Position in iShares Silver Trust $SLV

Money Concepts Capital Corp boosted its holdings in iShares Silver Trust (NYSEARCA:SLV) by 29.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,561 shares of the exchange traded fund’s stock after purchasing an additional 18,320 shares during the quarter. Money Concepts Capital Corp’s holdings in iShares Silver Trust were worth $5,421,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SLV. Raymond James Financial Inc. lifted its position in shares of iShares Silver Trust by 12.7% during the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after buying an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after buying an additional 573,660 shares in the last quarter. Bank of Montreal Can grew its position in shares of iShares Silver Trust by 505.8% in the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after buying an additional 1,852,688 shares during the last quarter. Tableaux LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at $133,233,000. Finally, Mainstay Capital Management LLC ADV raised its stake in iShares Silver Trust by 82.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after acquiring an additional 824,589 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $54.14 on Friday. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83. The firm has a market capitalization of $28.92 billion, a P/E ratio of -8.51 and a beta of 0.49. The company’s fifty day moving average price is $63.50 and its 200 day moving average price is $69.93.

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. 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.