Dakota Wealth Management Increases Holdings in iShares Silver Trust (NYSEARCA:SLV)

In its latest report to the Securities and Exchange Commission, Dakota Wealth Management announced a 2.3% increase in its holdings of iShares Silver Trust (NYSEARCA:SLV). During the fourth quarter, the firm acquired an additional 480 shares, bringing its total to 21,473 shares of this exchange-traded fund (ETF). The total value of Dakota's investment in iShares Silver Trust is approximately $565,000.

Other institutional investors have also made significant adjustments to their positions in iShares Silver Trust. For instance, Quadrature Capital Ltd acquired a new stake in SLV worth around $91,122,000 during the third quarter. Similarly, Toronto Dominion Bank increased its investment in iShares Silver Trust by 18.6% in the same period, now owning 2,283,806 shares valued at $64,883,000, thanks to an additional purchase of 358,806 shares.

Bank of Montreal Can significantly boosted its stake in iShares Silver Trust by 258.4% in the third quarter, acquiring 1,370,298 new shares. Following this change, the bank now holds 1,900,679 shares valued at $54,854,000. Additionally, Commonwealth Equity Services LLC also grew its position by 1.6%, increasing its holdings to 1,875,896 shares with a worth of $53,294,000 after adding 30,116 shares. Furthermore, Cetera Investment Advisers augmented its holdings by 14.5% in the second quarter, now holding 935,476 shares valued at $24,856,000 after acquiring 118,715 additional shares.

Performance of iShares Silver Trust Stock

The stock of iShares Silver Trust (SLV) opened at $27.91 recently. The ETF has a 52-week range, showing a low of $20.11 and a high of $31.80. With a market capitalization of about $13.10 billion, it has a PE ratio of -7.01 and a beta of 0.43. The 50-day and 200-day simple moving averages for the stock stand at $27.64 and $27.67, respectively.

About iShares Silver Trust

iShares Silver Trust operates by owning silver, which is transferred to the Trust in exchange for shares. Each share offered by the Trust represents a fractional undivided beneficial interest in its net assets, which consist of silver held in custody for the Trust.

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Investment, ETFs, Silver