Summit Financial LLC Acquires 25,175 Shares of iShares Silver Trust (NYSEARCA:SLV)

Summit Financial LLC raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 210.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,145 shares of the exchange traded fund’s stock after buying an additional 25,175 shares during the period. Summit Financial LLC’s holdings in iShares Silver Trust were worth $978,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SLV. Quadrature Capital Ltd bought a new position in shares of iShares Silver Trust in the 3rd quarter valued at approximately $91,122,000. Toronto Dominion Bank grew its holdings in iShares Silver Trust by 18.6% during the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock valued at $64,883,000 after purchasing an additional 358,806 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of iShares Silver Trust in the fourth quarter valued at approximately $57,303,000. Proficio Capital Partners LLC lifted its stake in shares of iShares Silver Trust by 715.2% in the fourth quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock worth $55,781,000 after buying an additional 1,858,658 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in iShares Silver Trust by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,939,706 shares of the exchange traded fund’s stock valued at $51,072,000 after buying an additional 63,810 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of SLV opened at $30.63 on Wednesday. The company has a market capitalization of $15.09 billion, a PE ratio of -8.96 and a beta of 0.59. iShares Silver Trust has a one year low of $23.24 and a one year high of $31.80. The company’s fifty day moving average price is $29.48 and its 200 day moving average price is $28.73.

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.