iShares Silver Trust $SLV Shares Acquired by Truist Financial Corp

Truist Financial Corp increased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 60.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 677,137 shares of the exchange traded fund’s stock after buying an additional 254,830 shares during the quarter. Truist Financial Corp’s holdings in iShares Silver Trust were worth $28,690,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SLV. Center for Financial Planning Inc. purchased a new position in shares of iShares Silver Trust during the 2nd quarter worth $25,000. Addison Advisors LLC purchased a new position in iShares Silver Trust during the second quarter worth about $31,000. Nexus Investment Management ULC increased its position in shares of iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 250 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of iShares Silver Trust during the second quarter valued at about $38,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the 2nd quarter valued at approximately $39,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $105.57 on Friday. The firm has a market cap of $59.81 billion, a P/E ratio of -8.51 and a beta of 0.38. The firm’s 50 day moving average price is $67.69 and its 200-day moving average price is $49.42. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83.

iShares Silver Trust 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.