Merit Financial Group LLC Has $1.57 Million Holdings in iShares Silver Trust $SLV

Merit Financial Group LLC boosted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 31.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 37,010 shares of the exchange traded fund’s stock after acquiring an additional 8,813 shares during the period. Merit Financial Group LLC’s holdings in iShares Silver Trust were worth $1,568,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Apella Capital LLC bought a new position in iShares Silver Trust in the second quarter valued at approximately $291,000. Continuum Advisory LLC bought a new stake in shares of iShares Silver Trust during the 3rd quarter worth approximately $524,000. Aviso Financial Inc. boosted its holdings in shares of iShares Silver Trust by 1,600.0% in the 2nd quarter. Aviso Financial Inc. now owns 4,250 shares of the exchange traded fund’s stock valued at $139,000 after buying an additional 4,000 shares during the last quarter. Bravias Capital Group LLC grew its stake in shares of 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 in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of 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 in the last quarter.

iShares Silver Trust Trading Up 2.1%

NYSEARCA SLV opened at $65.75 on Monday. The firm has a market capitalization of $38.01 billion, a P/E ratio of -8.51 and a beta of 0.38. The firm’s fifty day moving average price is $52.69 and its two-hundred day moving average price is $42.81. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $71.22.

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.