iShares Silver Trust (NYSEARCA:SLV) Position Raised by Kercheville Advisors LLC

Kercheville Advisors LLC increased its position in iShares Silver Trust (NYSEARCA:SLV) by 89.5% during the third quarter, Holdings Channel reports. The fund owned 54,400 shares of the exchange traded fund’s stock after purchasing an additional 25,700 shares during the quarter. Kercheville Advisors LLC’s holdings in iShares Silver Trust were worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. NWI Management LP boosted its position in shares of iShares Silver Trust by 10,526.6% during the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after purchasing an additional 5,263,305 shares in the last quarter. Meitav Investment House Ltd. acquired a new position in iShares Silver Trust in the second quarter worth approximately $45,688,000. Cetera Investment Advisers grew its position in iShares Silver Trust by 842.7% in the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock worth $18,581,000 after buying an additional 730,121 shares during the last quarter. RIA Advisory Group LLC increased its holdings in shares of iShares Silver Trust by 3,532.2% in the first quarter. RIA Advisory Group LLC now owns 737,854 shares of the exchange traded fund’s stock valued at $16,786,000 after buying an additional 717,540 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of iShares Silver Trust by 3,449.3% during the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after acquiring an additional 524,609 shares during the last quarter.

iShares Silver Trust Stock Down 0.2 %

Shares of NYSEARCA SLV opened at $30.63 on Monday. The business has a fifty day simple moving average of $28.05 and a 200-day simple moving average of $27.09. The company has a market cap of $14.38 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 12 month low of $20.07 and a 12 month high of $31.80.

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.