Mirae Asset Global Investments Co. Ltd. increased its stake in iShares Silver Trust (NYSEARCA:SLV – Get Rating) by 70.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,100 shares of the exchange traded fund’s stock after acquiring an additional 51,500 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares Silver Trust were worth $2,755,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Covestor Ltd acquired a new stake in iShares Silver Trust in the 1st quarter valued at $28,000. Armstrong Advisory Group Inc. acquired a new stake in iShares Silver Trust in the 4th quarter valued at $28,000. LFA Lugano Financial Advisors SA acquired a new stake in iShares Silver Trust in the 4th quarter valued at $29,000. Accurate Wealth Management LLC acquired a new stake in iShares Silver Trust in the 4th quarter valued at $34,000. Finally, Romano Brothers AND Company purchased a new position in iShares Silver Trust during the 4th quarter worth $37,000.
iShares Silver Trust Stock Down 1.4 %
SLV opened at $20.86 on Friday. The firm’s fifty day moving average price is $22.40 and its two-hundred day moving average price is $21.26. iShares Silver Trust has a 1 year low of $16.19 and a 1 year high of $23.94.
iShares Silver Trust Company 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.
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