Mirae Asset Global Investments Co. Ltd. Makes New $14.24 Million Investment in iShares Silver Trust $SLV

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 261,178 shares of the exchange traded fund’s stock, valued at approximately $14,237,000.

Several other large investors have also recently added to or reduced their stakes in the company. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $274,000. Aviance Capital Partners LLC increased its holdings in shares of iShares Silver Trust by 10.3% during the third quarter. Aviance Capital Partners LLC now owns 18,183 shares of the exchange traded fund’s stock worth $991,000 after purchasing an additional 1,700 shares during the period. Stevens Capital Partners increased its holdings in shares of iShares Silver Trust by 42.7% during the third quarter. Stevens Capital Partners now owns 5,708 shares of the exchange traded fund’s stock worth $311,000 after purchasing an additional 1,707 shares during the period. Vise Technologies Inc. raised its position in shares of iShares Silver Trust by 2.6% in the third quarter. Vise Technologies Inc. now owns 14,431 shares of the exchange traded fund’s stock valued at $787,000 after buying an additional 372 shares in the last quarter. Finally, Investment Partners LTD. raised its position in shares of iShares Silver Trust by 95.7% in the third quarter. Investment Partners LTD. now owns 85,460 shares of the exchange traded fund’s stock valued at $4,658,000 after buying an additional 41,795 shares in the last quarter.

iShares Silver Trust Trading Down 1.6%

Shares of SLV stock opened at $44.84 on Wednesday. The stock has a market cap of $24.13 billion, a P/E ratio of -8.51 and a beta of 0.53. The stock has a 50 day simple moving average of $55.13 and a 200 day simple moving average of $64.01. iShares Silver Trust has a 1 year low of $42.51 and a 1 year high of $109.83.

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.