iShares Silver Trust $SLV Shares Purchased by Sovran Advisors LLC

Sovran Advisors LLC increased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,807 shares of the exchange traded fund’s stock after buying an additional 9,298 shares during the quarter. Sovran Advisors LLC’s holdings in iShares Silver Trust were worth $6,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Sarver Vrooman Wealth Advisors acquired a new position in shares of iShares Silver Trust during the fourth quarter valued at about $30,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth $32,000. Sfam LLC acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth $33,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at $33,000. Finally, Redwood Park Advisors LLC grew its holdings in shares of iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV traded down $0.19 during mid-day trading on Friday, hitting $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 50 day moving average of $63.28 and a two-hundred day moving average of $69.82. iShares Silver Trust has a twelve month low of $33.10 and a twelve month high of $109.83. The firm has a market cap of $28.81 billion, a PE ratio of -8.51 and a beta of 0.49.

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.