Parallel Advisors LLC Increases Stock Position in iShares Silver Trust $SLV

Parallel Advisors LLC lifted its stake in iShares Silver Trust (NYSEARCA:SLV) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,086 shares of the exchange traded fund’s stock after purchasing an additional 750 shares during the period. Parallel Advisors LLC’s holdings in iShares Silver Trust were worth $167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC lifted its holdings in iShares Silver Trust by 13.4% during the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after purchasing an additional 924,353 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares Silver Trust by 127.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after purchasing an additional 1,460,084 shares during the last quarter. Commonwealth Equity Services LLC raised its position in iShares Silver Trust by 8.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,105,854 shares of the exchange traded fund’s stock worth $65,260,000 after buying an additional 166,148 shares during the last quarter. Cetera Investment Advisers raised its position in iShares Silver Trust by 20.1% during the 1st quarter. Cetera Investment Advisers now owns 1,235,483 shares of the exchange traded fund’s stock worth $38,288,000 after buying an additional 207,050 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in iShares Silver Trust by 6.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,076,568 shares of the exchange traded fund’s stock valued at $33,363,000 after acquiring an additional 68,041 shares during the period.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $40.04 on Tuesday. iShares Silver Trust has a fifty-two week low of $26.19 and a fifty-two week high of $40.05. The stock’s fifty day moving average is $35.69 and its two-hundred day moving average is $32.54. The firm has a market capitalization of $21.50 billion, a P/E ratio of -8.51 and a beta of 0.59.

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.