Basso Capital Management L.P. Purchases 16,927 Shares of iShares Silver Trust $SLV

Basso Capital Management L.P. raised its position in iShares Silver Trust (NYSEARCA:SLVFree Report) by 32.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,660 shares of the exchange traded fund’s stock after acquiring an additional 16,927 shares during the quarter. iShares Silver Trust makes up about 2.0% of Basso Capital Management L.P.’s investment portfolio, making the stock its 11th largest holding. Basso Capital Management L.P.’s holdings in iShares Silver Trust were worth $2,951,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SLV. Nexus Investment Management ULC raised its holdings in shares of iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new position in iShares Silver Trust during the third quarter worth about $32,000. Hopwood Financial Services Inc. acquired a new position in iShares Silver Trust during the third quarter worth approximately $38,000. Addison Advisors LLC acquired a new position in iShares Silver Trust during the second quarter worth approximately $31,000. Finally, ORG Partners LLC raised its stake in iShares Silver Trust by 38.9% in the third quarter. ORG Partners LLC now owns 1,125 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 315 shares during the period.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Up 2.3%

NYSEARCA:SLV opened at $80.09 on Wednesday. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The firm has a market capitalization of $44.09 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The stock’s 50 day moving average price is $78.00 and its two-hundred day moving average price is $57.63.

iShares Silver Trust Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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