Parkside Financial Bank & Trust Increases Stake in iShares Silver Trust (NYSEARCA:SLV)

Parkside Financial Bank & Trust increased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 61.0% in the fourth quarter, Holdings Channel reports. The fund owned 2,409 shares of the exchange traded fund’s stock after purchasing an additional 913 shares during the quarter. Parkside Financial Bank & Trust’s holdings in iShares Silver Trust were worth $63,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SLV. Moloney Securities Asset Management LLC increased its holdings in shares of iShares Silver Trust by 3.3% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 11,097 shares of the exchange traded fund’s stock valued at $315,000 after acquiring an additional 356 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in iShares Silver Trust by 4.3% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 8,838 shares of the exchange traded fund’s stock valued at $234,000 after purchasing an additional 364 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in iShares Silver Trust by 4.6% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,472 shares of the exchange traded fund’s stock valued at $223,000 after purchasing an additional 372 shares during the last quarter. Raymond James Trust N.A. raised its holdings in iShares Silver Trust by 3.1% in the third quarter. Raymond James Trust N.A. now owns 12,881 shares of the exchange traded fund’s stock worth $366,000 after purchasing an additional 383 shares in the last quarter. Finally, Strategic Blueprint LLC raised its holdings in iShares Silver Trust by 4.3% in the fourth quarter. Strategic Blueprint LLC now owns 9,584 shares of the exchange traded fund’s stock worth $252,000 after purchasing an additional 392 shares in the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $28.75 on Tuesday. The company’s 50-day simple moving average is $28.17 and its 200-day simple moving average is $28.18. iShares Silver Trust has a fifty-two week low of $21.39 and a fifty-two week high of $31.80. The stock has a market capitalization of $13.73 billion, a P/E ratio of -8.33 and a beta of 0.74.

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.