Capital Advisors Inc. OK raised its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 162.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 36,264 shares of the exchange traded fund’s stock after purchasing an additional 22,425 shares during the quarter. Capital Advisors Inc. OK’s holdings in iShares Silver Trust were worth $1,536,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Apella Capital LLC bought a new position in shares of iShares Silver Trust in the 2nd quarter worth about $291,000. Continuum Advisory LLC acquired a new stake in iShares Silver Trust during the third quarter worth approximately $524,000. Aviso Financial Inc. increased its holdings in iShares Silver Trust by 1,600.0% in the second quarter. Aviso Financial Inc. now owns 4,250 shares of the exchange traded fund’s stock worth $139,000 after purchasing an additional 4,000 shares in the last quarter. Bravias Capital Group LLC lifted its stake in iShares Silver Trust by 153.7% in the third quarter. Bravias Capital Group LLC now owns 80,750 shares of the exchange traded fund’s stock valued at $3,421,000 after buying an additional 48,918 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in iShares Silver Trust by 8.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 131,496 shares of the exchange traded fund’s stock valued at $5,571,000 after buying an additional 10,211 shares during the period.
iShares Silver Trust Stock Up 2.1%
Shares of SLV stock opened at $65.75 on Friday. The firm has a 50 day moving average of $52.69 and a 200-day moving average of $42.74. The company has a market cap of $35.42 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 52 week low of $26.57 and a 52 week high of $71.22.
iShares Silver Trust Company 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.
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