Parallel Advisors LLC Buys 14,293 Shares of iShares Silver Trust $SLV

Parallel Advisors LLC grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 148.8% during the first quarter, Holdings Channel reports. The institutional investor owned 23,896 shares of the exchange traded fund’s stock after buying an additional 14,293 shares during the period. Parallel Advisors LLC’s holdings in iShares Silver Trust were worth $1,628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SLV. Decker Wealth Management LLC bought a new stake in iShares Silver Trust during the 1st quarter worth approximately $554,000. Spartan Wealth Advisory Services LLC purchased a new position in iShares Silver Trust during the first quarter valued at approximately $229,000. Aviance Capital Partners LLC boosted its position in shares of iShares Silver Trust by 29.8% in the first quarter. Aviance Capital Partners LLC now owns 13,876 shares of the exchange traded fund’s stock worth $946,000 after purchasing an additional 3,188 shares during the period. Dorsey Wright & Associates boosted its position in shares of iShares Silver Trust by 23.5% in the first quarter. Dorsey Wright & Associates now owns 97,074 shares of the exchange traded fund’s stock worth $6,615,000 after purchasing an additional 18,502 shares during the period. Finally, Euro Pacific Asset Management LLC bought a new position in shares of iShares Silver Trust in the first quarter worth approximately $347,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $53.92 on Thursday. The stock has a market cap of $28.80 billion, a PE ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 1 year low of $33.10 and a 1 year high of $109.83. The firm has a fifty day moving average price of $59.95 and a 200-day moving average price of $69.07.

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.