Brookstone Capital Management Has $6.09 Million Position in iShares Silver Trust $SLV

Brookstone Capital Management grew its stake in iShares Silver Trust (NYSEARCA:SLV) by 41.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,832 shares of the exchange traded fund’s stock after purchasing an additional 42,215 shares during the period. Brookstone Capital Management’s holdings in iShares Silver Trust were worth $6,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Private Trust Co. NA boosted its stake in iShares Silver Trust by 77.0% in the 3rd quarter. Private Trust Co. NA now owns 11,097 shares of the exchange traded fund’s stock valued at $470,000 after buying an additional 4,826 shares in the last quarter. Founders Financial Securities LLC increased its holdings in shares of iShares Silver Trust by 78.6% during the third quarter. Founders Financial Securities LLC now owns 22,245 shares of the exchange traded fund’s stock worth $943,000 after buying an additional 9,792 shares in the last quarter. Merrion Investment Management Co LLC bought a new position in iShares Silver Trust in the 3rd quarter valued at $254,000. Manchester Financial Inc. raised its holdings in shares of iShares Silver Trust by 7.3% in the third quarter. Manchester Financial Inc. now owns 8,595 shares of the exchange traded fund’s stock valued at $364,000 after buying an additional 585 shares during the last quarter. Finally, Cushing Capital Partners LLC lifted its position in iShares Silver Trust by 6.5% during the 3rd quarter. Cushing Capital Partners LLC now owns 65,696 shares of the exchange traded fund’s stock worth $2,784,000 after buying an additional 3,997 shares in the last quarter.

iShares Silver Trust Trading Up 9.0%

Shares of NYSEARCA SLV opened at $71.12 on Friday. The company has a market cap of $38.32 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1-year low of $26.22 and a 1-year high of $71.23. The company has a 50-day moving average of $50.57 and a two-hundred day moving average of $41.54.

iShares Silver Trust Profile

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.