DAVENPORT & Co LLC Acquires 10,246 Shares of iShares Silver Trust $SLV

DAVENPORT & Co LLC grew its holdings in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 6.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 171,665 shares of the exchange traded fund’s stock after acquiring an additional 10,246 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares Silver Trust were worth $11,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Nexus Investment Management ULC grew its position in iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 250 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in iShares Silver Trust during the third quarter worth approximately $32,000. Rialto Wealth Management LLC purchased a new stake in iShares Silver Trust during the fourth quarter valued at approximately $33,000. Hopwood Financial Services Inc. purchased a new stake in iShares Silver Trust during the third quarter valued at approximately $38,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of iShares Silver Trust in the 2nd quarter valued at approximately $39,000.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $65.21 on Thursday. The stock has a market cap of $35.90 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The stock has a 50 day moving average price of $77.36 and a 200-day moving average price of $60.00. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Company Profile

(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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