HighTower Advisors LLC Has $62.30 Million Stake in iShares Silver Trust $SLV

HighTower Advisors LLC raised its position in iShares Silver Trust (NYSEARCA:SLV) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,165,149 shares of the exchange traded fund’s stock after purchasing an additional 81,257 shares during the quarter. HighTower Advisors LLC owned 0.22% of iShares Silver Trust worth $62,300,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its position in iShares Silver Trust by 12.7% during the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock worth $118,050,000 after acquiring an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Silver Trust by 27.3% in the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after purchasing an additional 573,660 shares during the last quarter. Bank of Montreal Can lifted its position in shares of iShares Silver Trust by 505.8% in the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after purchasing an additional 1,852,688 shares in the last quarter. Tableaux LLC bought a new stake in shares of iShares Silver Trust in the fourth quarter worth $133,233,000. Finally, MML Investors Services LLC lifted its position in shares of iShares Silver Trust by 34.8% in the fourth quarter. MML Investors Services LLC now owns 1,402,204 shares of the exchange traded fund’s stock worth $90,330,000 after purchasing an additional 362,291 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV opened at $59.82 on Tuesday. The stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a 12 month low of $36.97 and a 12 month high of $109.83. The firm has a fifty day simple moving average of $56.18 and a 200 day simple moving average of $64.11.

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.