Sovran Advisors LLC Makes New $2.23 Million Investment in iShares Silver Trust (NYSEARCA:SLV)

Sovran Advisors LLC bought a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, Holdings Channel reports. The institutional investor bought 82,094 shares of the exchange traded fund’s stock, valued at approximately $2,233,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC boosted its holdings in shares of iShares Silver Trust by 237.9% during the third quarter. Alpha Financial Partners LLC now owns 33,184 shares of the exchange traded fund’s stock worth $943,000 after acquiring an additional 23,364 shares during the period. CWM LLC boosted its stake in shares of iShares Silver Trust by 23.0% in the 3rd quarter. CWM LLC now owns 116,681 shares of the exchange traded fund’s stock valued at $3,315,000 after purchasing an additional 21,810 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of iShares Silver Trust by 15.3% during the third quarter. Sound Income Strategies LLC now owns 6,476 shares of the exchange traded fund’s stock worth $184,000 after buying an additional 860 shares in the last quarter. Procyon Advisors LLC increased its holdings in iShares Silver Trust by 30.9% in the 3rd quarter. Procyon Advisors LLC now owns 13,563 shares of the exchange traded fund’s stock worth $385,000 after purchasing an additional 3,199 shares in the last quarter. Finally, Stablepoint Partners LLC increased its position in iShares Silver Trust by 8.3% in the 3rd quarter. Stablepoint Partners LLC now owns 32,035 shares of the exchange traded fund’s stock valued at $910,000 after acquiring an additional 2,451 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $29.20 on Tuesday. The company has a market capitalization of $13.71 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52-week low of $20.11 and a 52-week high of $31.80. The company’s 50 day moving average price is $27.79 and its 200-day moving average price is $27.77.

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.