Corient Private Wealth LLC Buys 52,998 Shares of iShares Silver Trust $SLV

Corient Private Wealth LLC grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 54.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 149,596 shares of the exchange traded fund’s stock after acquiring an additional 52,998 shares during the quarter. Corient Private Wealth LLC’s holdings in iShares Silver Trust were worth $9,650,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its holdings in iShares Silver Trust by 12.7% during the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after purchasing an additional 313,816 shares during the period. Ameriprise Financial Inc. raised its holdings in iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after purchasing an additional 573,660 shares during the period. Bank of Montreal Can raised its holdings in iShares Silver Trust by 505.8% in the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after purchasing an additional 1,852,688 shares during the period. Tableaux LLC bought a new position in shares of iShares Silver Trust during the fourth quarter worth $133,233,000. Finally, Mainstay Capital Management LLC ADV boosted its position in shares of iShares Silver Trust by 82.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after purchasing an additional 824,589 shares in the last quarter.

iShares Silver Trust Stock Down 7.1%

SLV opened at $51.78 on Thursday. The stock has a market cap of $29.31 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12 month low of $32.49 and a 12 month high of $109.83. The company has a fifty day simple moving average of $67.07 and a 200 day simple moving average of $70.17.

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.