Mirae Asset Global Investments Co. Ltd. Has $8.47 Million Stock Holdings in iShares Silver Trust $SLV

Mirae Asset Global Investments Co. Ltd. increased its position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 81.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,800 shares of the exchange traded fund’s stock after buying an additional 89,500 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Silver Trust were worth $8,466,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. acquired a new position in shares of iShares Silver Trust during the second quarter worth approximately $25,000. Addison Advisors LLC acquired a new stake in iShares Silver Trust in the 2nd quarter valued at $31,000. Nexus Investment Management ULC increased its stake in iShares Silver Trust by 50.0% during the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in iShares Silver Trust during the second quarter worth $38,000. Finally, Darwin Wealth Management LLC acquired a new position in iShares Silver Trust during the second quarter worth $39,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $75.44 on Friday. The company has a 50-day moving average price of $68.29 and a 200-day moving average price of $49.81. The stock has a market capitalization of $42.74 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83.

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About iShares Silver Trust

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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