Dakota Wealth Management Expands Its Stake in iShares Silver Trust

On January 26, 2025, Dakota Wealth Management announced an increase in its holdings of the iShares Silver Trust (NYSEARCA:SLV – Free Report). According to the latest filing with the Securities and Exchange Commission, the firm raised its stake by 2.3% in the fourth quarter of the previous year. Following the acquisition of an additional 480 shares, Dakota Wealth Management now owns a total of 21,473 shares of this exchange-traded fund.

As of the latest SEC filing, the value of Dakota Wealth Management's holdings in iShares Silver Trust is estimated at $565,000. This move adds to a growing trend where institutional investors are adjusting their positions in the silver fund.

Institutional Investors' Activity

Other institutional investors have also made significant changes to their investments in iShares Silver Trust. For instance, Quadrature Capital Ltd made a notable investment by acquiring a new stake in the trust during the third quarter, valued at approximately $91,122,000. Meanwhile, Toronto Dominion Bank increased its stake by 18.6% in the same period, now holding 2,283,806 shares worth about $64,883,000 after purchasing an additional 358,806 shares.

Furthermore, Bank of Montreal Can significantly grew its holdings by 258.4%, now owning 1,900,679 shares valued at $54,854,000 after acquiring 1,370,298 additional shares in the last quarter. Commonwealth Equity Services LLC also increased its position by 1.6%, holding 1,875,896 shares worth $53,294,000 after an additional purchase of 30,116 shares. Additionally, Cetera Investment Advisers raised its stake by 14.5% in the previous quarter, now owning 935,476 shares valued at approximately $24,856,000.

Performance of iShares Silver Trust

The stock of iShares Silver Trust opened at $27.91 on Friday, with a reported 52-week low of $20.11 and a high of $31.80. The fund has a market capitalization of $13.10 billion and a PE ratio of -7.01, alongside a beta of 0.43. Its 50-day simple moving average stands at $27.64, while the 200-day moving average is slightly higher at $27.67.

Understanding iShares Silver Trust

iShares Silver Trust operates by owning silver that is transferred to the Trust in exchange for shares issued to investors. Each share of the Trust represents a fractional undivided beneficial interest in its net assets, with the Trust's assets consisting primarily of the silver held by its custodian on behalf of the Trust.

Conclusion

The increasing interest of institutional investors in iShares Silver Trust indicates a growing confidence in silver as an investment vehicle, especially in uncertain economic times.

Dakota, Investment, Silver