iShares Silver Trust $SLV Shares Acquired by Benin Management CORP

Benin Management CORP increased its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 563.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,735 shares of the exchange traded fund’s stock after buying an additional 55,830 shares during the quarter. iShares Silver Trust comprises approximately 0.7% of Benin Management CORP’s investment portfolio, making the stock its 21st biggest holding. Benin Management CORP’s holdings in iShares Silver Trust were worth $2,785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Silver Trust in the second quarter worth about $162,217,000. Meitav Investment House Ltd. boosted its position in iShares Silver Trust by 5.4% in the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock valued at $97,589,000 after buying an additional 152,600 shares during the last quarter. Raymond James Financial Inc. increased its holdings in iShares Silver Trust by 1.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,472,356 shares of the exchange traded fund’s stock worth $81,118,000 after buying an additional 25,584 shares during the period. Envestnet Asset Management Inc. raised its position in iShares Silver Trust by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,372,143 shares of the exchange traded fund’s stock worth $45,020,000 after buying an additional 295,575 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in iShares Silver Trust by 4.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,290,663 shares of the exchange traded fund’s stock worth $42,347,000 after buying an additional 55,180 shares during the last quarter.

Key Stores Impacting iShares Silver Trust

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iShares Silver Trust Price Performance

SLV stock opened at $66.01 on Tuesday. The company has a market capitalization of $35.56 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12 month low of $26.22 and a 12 month high of $71.22. The firm’s fifty day simple moving average is $50.94 and its 200-day simple moving average is $41.89.

About iShares Silver Trust

(Free Report)

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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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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