HighTower Advisors LLC Buys 94,521 Shares of iShares Silver Trust $SLV

HighTower Advisors LLC grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 5.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,750,124 shares of the exchange traded fund’s stock after buying an additional 94,521 shares during the quarter. HighTower Advisors LLC owned approximately 0.32% of iShares Silver Trust worth $74,153,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Center for Financial Planning Inc. bought a new stake in iShares Silver Trust during the 2nd quarter worth $25,000. Addison Advisors LLC bought a new position in iShares Silver Trust in the second quarter valued at about $31,000. Nexus Investment Management ULC boosted its stake in shares of iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of iShares Silver Trust during the third quarter worth about $32,000. Finally, Hopwood Financial Services Inc. bought a new stake in shares of iShares Silver Trust during the third quarter worth about $38,000.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $69.72 on Tuesday. The business has a 50 day moving average of $73.12 and a 200-day moving average of $52.85. The company has a market capitalization of $38.38 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1 year low of $26.57 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.