Lake Hills Wealth Management LLC lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 56.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,945 shares of the exchange traded fund’s stock after purchasing an additional 29,569 shares during the period. iShares Silver Trust accounts for approximately 2.1% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 19th largest position. Lake Hills Wealth Management LLC’s holdings in iShares Silver Trust were worth $4,467,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Tableaux LLC bought a new position in iShares Silver Trust during the 4th quarter valued at approximately $133,233,000. MML Investors Services LLC grew its position in shares of iShares Silver Trust by 34.8% in the 4th quarter. MML Investors Services LLC now owns 1,402,204 shares of the exchange traded fund’s stock worth $90,330,000 after buying an additional 362,291 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of iShares Silver Trust by 82.5% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,103,897 shares of the exchange traded fund’s stock valued at $72,445,000 after buying an additional 498,897 shares during the period. HighTower Advisors LLC raised its holdings in shares of iShares Silver Trust by 7.5% during the second quarter. HighTower Advisors LLC now owns 1,165,149 shares of the exchange traded fund’s stock valued at $62,300,000 after acquiring an additional 81,257 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in iShares Silver Trust by 92.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 903,489 shares of the exchange traded fund’s stock worth $58,203,000 after acquiring an additional 434,347 shares during the period.
iShares Silver Trust Stock Down 2.4%
Shares of NYSEARCA:SLV traded down $1.34 on Wednesday, hitting $54.11. The company had a trading volume of 14,122,339 shares, compared to its average volume of 45,634,656. iShares Silver Trust has a 1 year low of $41.70 and a 1 year high of $109.83. The firm has a market capitalization of $29.12 billion, a price-to-earnings ratio of -8.51 and a beta of 0.51. The firm’s 50-day simple moving average is $58.00 and its two-hundred day simple moving average is $61.30.
About iShares Silver Trust
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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