Richard C. Young & CO. LTD. Increases Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Richard C. Young & CO. LTD. increased its position in iShares Silver Trust (NYSEARCA:SLV) by 2.3% in the second quarter, Holdings Channel.com reports. The fund owned 448,990 shares of the exchange traded fund’s stock after purchasing an additional 9,913 shares during the period. Richard C. Young & CO. LTD.’s holdings in iShares Silver Trust were worth $6,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SLV. Toronto Dominion Bank raised its holdings in iShares Silver Trust by 3,391.3% in the 1st quarter. Toronto Dominion Bank now owns 10,000,000 shares of the exchange traded fund’s stock worth $141,800,000 after acquiring an additional 9,713,571 shares during the last quarter. MD Financial Management Inc. raised its stake in iShares Silver Trust by 73.3% during the 1st quarter. MD Financial Management Inc. now owns 1,564,643 shares of the exchange traded fund’s stock valued at $22,187,000 after buying an additional 661,756 shares during the last quarter. Bank of Montreal Can raised its stake in iShares Silver Trust by 41.3% during the 1st quarter. Bank of Montreal Can now owns 2,094,935 shares of the exchange traded fund’s stock valued at $29,706,000 after buying an additional 612,200 shares during the last quarter. IndexIQ Advisors LLC raised its stake in iShares Silver Trust by 15,617.8% during the 1st quarter. IndexIQ Advisors LLC now owns 483,165 shares of the exchange traded fund’s stock valued at $6,850,000 after buying an additional 480,091 shares during the last quarter. Finally, GWM Advisors LLC raised its stake in iShares Silver Trust by 962.5% during the 1st quarter. GWM Advisors LLC now owns 297,610 shares of the exchange traded fund’s stock valued at $654,000 after buying an additional 269,600 shares during the last quarter.

SLV remained flat at $$15.97 during mid-day trading on Friday. 822,119 shares of the company’s stock were exchanged, compared to its average volume of 10,913,694. The stock’s 50-day moving average is $15.23 and its two-hundred day moving average is $14.45. iShares Silver Trust has a 1-year low of $13.11 and a 1-year high of $16.22.

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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