Savvy Advisors Inc. Increases Position in iShares Silver Trust $SLV

Savvy Advisors Inc. boosted its holdings in iShares Silver Trust (NYSEARCA:SLVFree Report) by 206.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,881 shares of the exchange traded fund’s stock after purchasing an additional 39,007 shares during the period. Savvy Advisors Inc.’s holdings in iShares Silver Trust were worth $2,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Center for Financial Planning Inc. purchased a new position in shares of iShares Silver Trust during the 2nd quarter valued at approximately $25,000. Nexus Investment Management ULC increased its stake 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 worth $32,000 after buying an additional 250 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in iShares Silver Trust in the third quarter valued at $32,000. Hopwood Financial Services Inc. acquired a new stake in iShares Silver Trust in the third quarter valued at $38,000. Finally, Addison Advisors LLC bought a new position in iShares Silver Trust during the 2nd quarter valued at $31,000.

iShares Silver Trust News Summary

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

iShares Silver Trust Price Performance

Shares of SLV stock opened at $67.73 on Friday. The firm has a fifty day moving average of $72.44 and a two-hundred day moving average of $52.09. The firm has a market cap of $37.29 billion, a P/E 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.

iShares Silver Trust 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.

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

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