Oxbow Advisors LLC Buys 82,780 Shares of iShares Silver Trust $SLV

Oxbow Advisors LLC increased its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 41.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 283,872 shares of the exchange traded fund’s stock after purchasing an additional 82,780 shares during the quarter. iShares Silver Trust makes up 1.1% of Oxbow Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Oxbow Advisors LLC owned approximately 0.05% of iShares Silver Trust worth $12,028,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC acquired a new stake in shares of iShares Silver Trust in the third quarter worth $236,000. Acorn Wealth Advisors LLC grew its stake in iShares Silver Trust by 16.4% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 32,637 shares of the exchange traded fund’s stock valued at $1,383,000 after buying an additional 4,606 shares during the last quarter. PFG Investments LLC raised its holdings in iShares Silver Trust by 26.5% in the 3rd quarter. PFG Investments LLC now owns 46,501 shares of the exchange traded fund’s stock worth $1,970,000 after acquiring an additional 9,740 shares during the period. Westfuller Advisors LLC acquired a new position in iShares Silver Trust during the 3rd quarter worth $149,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in iShares Silver Trust by 31.8% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 20,421 shares of the exchange traded fund’s stock worth $865,000 after acquiring an additional 4,930 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV traded up $5.78 during midday trading on Friday, hitting $92.91. The company’s stock had a trading volume of 141,799,242 shares, compared to its average volume of 115,661,336. The stock has a market capitalization of $53.45 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The stock’s 50 day simple moving average is $63.15 and its 200 day simple moving average is $47.50. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $92.98.

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iShares Silver Trust 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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