Cadent Capital Advisors LLC Purchases 11,185 Shares of iShares Silver Trust $SLV

Cadent Capital Advisors LLC raised its position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 14.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,985 shares of the exchange traded fund’s stock after acquiring an additional 11,185 shares during the period. iShares Silver Trust makes up approximately 1.5% of Cadent Capital Advisors LLC’s holdings, making the stock its 18th biggest holding. Cadent Capital Advisors LLC’s holdings in iShares Silver Trust were worth $5,732,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nexus Investment Management ULC grew its holdings in shares of iShares Silver Trust by 50.0% in the third 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 in the last quarter. Raleigh Capital Management Inc. purchased a new stake in iShares Silver Trust during the third quarter valued at $32,000. Rialto Wealth Management LLC purchased a new stake in iShares Silver Trust during the fourth quarter valued at $33,000. Hopwood Financial Services Inc. bought a new position in iShares Silver Trust during the third quarter valued at $38,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of iShares Silver Trust in the 2nd quarter worth $39,000.

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iShares Silver Trust Stock Down 6.8%

Shares of NYSEARCA:SLV opened at $60.77 on Friday. The firm has a fifty day simple moving average of $76.90 and a two-hundred day simple moving average of $60.00. iShares Silver Trust has a 52 week low of $26.57 and a 52 week high of $109.83. The stock has a market capitalization of $33.45 billion, a P/E ratio of -8.51 and a beta of 0.38.

About iShares Silver Trust

(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.

Further Reading

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

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