Ausdal Financial Partners Inc. Boosts Stock Position in iShares Silver Trust $SLV

Ausdal Financial Partners Inc. increased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 41.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,650 shares of the exchange traded fund’s stock after purchasing an additional 12,483 shares during the period. Ausdal Financial Partners Inc.’s holdings in iShares Silver Trust were worth $1,807,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SLV. Brighton Jones LLC increased its holdings in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,595 shares during the last quarter. Bison Wealth LLC bought a new position in shares of iShares Silver Trust in the 4th quarter valued at about $238,000. Capstone Wealth Management Group LLC purchased a new position in iShares Silver Trust in the first quarter worth about $443,000. Schnieders Capital Management LLC. grew its position in iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in iShares Silver Trust by 54.0% during the second quarter. Bank of New York Mellon Corp now owns 701,734 shares of the exchange traded fund’s stock worth $23,024,000 after acquiring an additional 246,115 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $72.69 on Monday. The company has a market cap of $40.02 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83. The stock’s 50 day simple moving average is $78.65 and its two-hundred day simple moving average is $58.49.

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.