HighTower Advisors LLC Has $62.30 Million Stock Holdings in iShares Silver Trust $SLV

HighTower Advisors LLC raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 7.5% in the second quarter, Holdings Channel reports. The firm owned 1,165,149 shares of the exchange traded fund’s stock after acquiring an additional 81,257 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Silver Trust were worth $62,300,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SLV. Raymond James Financial Inc. raised its stake 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 purchasing an additional 313,816 shares in 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 during the last quarter. Bank of Montreal Can increased its holdings in iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after buying an additional 1,852,688 shares during the last quarter. Tableaux LLC acquired a new position in iShares Silver Trust during the fourth quarter worth $133,233,000. Finally, MML Investors Services LLC raised its position in iShares Silver Trust by 34.8% during the fourth quarter. MML Investors Services LLC now owns 1,402,204 shares of the exchange traded fund’s stock worth $90,330,000 after acquiring an additional 362,291 shares in the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $59.82 on Tuesday. The firm has a market capitalization of $31.95 billion, a P/E ratio of -8.51 and a beta of 0.53. The firm’s fifty day moving average price is $56.18 and its two-hundred day moving average price is $64.11. iShares Silver Trust has a 1 year low of $36.97 and a 1 year high of $109.83.

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. 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.