Investors Buy Shares of iShares Silver Trust (SLV) on Weakness

Traders bought shares of iShares Silver Trust (NYSEARCA:SLV) on weakness during trading on Wednesday. $36.13 million flowed into the stock on the tick-up and $16.47 million flowed out of the stock on the tick-down, for a money net flow of $19.66 million into the stock. Of all stocks tracked, iShares Silver Trust had the 25th highest net in-flow for the day. iShares Silver Trust traded down ($0.02) for the day and closed at $15.34

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MD Financial Management Inc. increased its holdings in iShares Silver Trust by 8.3% in the 1st quarter. MD Financial Management Inc. now owns 2,333,352 shares of the exchange traded fund’s stock valued at $35,957,000 after purchasing an additional 178,075 shares in the last quarter. LPL Financial LLC boosted its position in iShares Silver Trust by 3.5% in the 1st quarter. LPL Financial LLC now owns 1,321,700 shares of the exchange traded fund’s stock valued at $20,367,000 after buying an additional 44,662 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in iShares Silver Trust by 40.0% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,320,384 shares of the exchange traded fund’s stock valued at $20,347,000 after buying an additional 377,176 shares during the last quarter. Millennium Management LLC boosted its position in iShares Silver Trust by 181.0% in the 1st quarter. Millennium Management LLC now owns 730,563 shares of the exchange traded fund’s stock valued at $11,258,000 after buying an additional 470,563 shares during the last quarter. Finally, Lakewood Capital Management LP boosted its position in iShares Silver Trust by 15.0% in the 4th quarter. Lakewood Capital Management LP now owns 606,000 shares of the exchange traded fund’s stock valued at $9,690,000 after buying an additional 79,000 shares during the last quarter.

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.

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