Financial Advocates Investment Management acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,111 shares of the exchange traded fund’s stock, valued at approximately $1,089,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Richard C. Young & CO. LTD. increased its stake in iShares Silver Trust by 1.9% in the third quarter. Richard C. Young & CO. LTD. now owns 545,534 shares of the exchange traded fund’s stock valued at $8,587,000 after purchasing an additional 9,945 shares during the period. Sicart Associates LLC purchased a new stake in iShares Silver Trust during the fourth quarter worth about $622,000. Berkeley Capital Partners LLC boosted its holdings in iShares Silver Trust by 48.9% during the third quarter. Berkeley Capital Partners LLC now owns 77,791 shares of the exchange traded fund’s stock worth $1,224,000 after buying an additional 25,531 shares in the last quarter. Hoylecohen LLC purchased a new stake in iShares Silver Trust during the fourth quarter worth about $288,000. Finally, Vaughan David Investments Inc. IL boosted its holdings in iShares Silver Trust by 2,675.8% during the third quarter. Vaughan David Investments Inc. IL now owns 284,077 shares of the exchange traded fund’s stock worth $36,933,000 after buying an additional 273,843 shares in the last quarter.
SLV stock traded down $0.02 during trading on Friday, reaching $15.43. 6,905,249 shares of the company were exchanged, compared to its average volume of 8,458,839. iShares Silver Trust has a 52-week low of $14.44 and a 52-week high of $17.59.
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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.
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