Founders Financial Securities LLC Buys 9,792 Shares of iShares Silver Trust $SLV

Founders Financial Securities LLC increased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 78.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,245 shares of the exchange traded fund’s stock after buying an additional 9,792 shares during the period. Founders Financial Securities LLC’s holdings in iShares Silver Trust were worth $943,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Merrion Investment Management Co LLC acquired a new stake in iShares Silver Trust during the third quarter worth approximately $254,000. Manchester Financial Inc. lifted its holdings in iShares Silver Trust by 7.3% during the 3rd quarter. Manchester Financial Inc. now owns 8,595 shares of the exchange traded fund’s stock worth $364,000 after purchasing an additional 585 shares during the last quarter. Cushing Capital Partners LLC boosted its stake in iShares Silver Trust by 6.5% in the 3rd quarter. Cushing Capital Partners LLC now owns 65,696 shares of the exchange traded fund’s stock valued at $2,784,000 after purchasing an additional 3,997 shares during the period. Cornerstone Wealth Advisors Inc. acquired a new position in iShares Silver Trust in the 3rd quarter valued at $212,000. Finally, Revisor Wealth Management LLC increased its position in iShares Silver Trust by 5.9% during the 3rd quarter. Revisor Wealth Management LLC now owns 19,084 shares of the exchange traded fund’s stock worth $853,000 after buying an additional 1,071 shares during the period.

iShares Silver Trust Stock Performance

SLV opened at $65.22 on Friday. The stock has a fifty day moving average of $50.09 and a 200-day moving average of $41.28. The company has a market capitalization of $35.14 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a fifty-two week low of $26.22 and a fifty-two week high of $65.53.

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.