Sovran Advisors LLC Acquires 9,298 Shares of iShares Silver Trust $SLV

Sovran Advisors LLC increased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 10.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,807 shares of the exchange traded fund’s stock after purchasing an additional 9,298 shares during the period. Sovran Advisors LLC’s holdings in iShares Silver Trust were worth $6,653,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth $32,000. Rialto Wealth Management LLC bought a new stake in iShares Silver Trust during the fourth quarter valued at about $33,000. Redwood Park Advisors LLC grew its stake in iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. Finally, Sfam LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at about $33,000.

iShares Silver Trust Price Performance

iShares Silver Trust stock traded down $0.19 during trading hours on Friday, reaching $53.95. The stock had a trading volume of 11,709,494 shares, compared to its average volume of 59,922,551. The company has a market cap of $28.81 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. The business’s 50 day moving average price is $63.28 and its 200-day moving average price is $69.82. iShares Silver Trust has a 52 week low of $33.10 and a 52 week high of $109.83.

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. 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.