iShares Silver Trust $SLV Shares Acquired by Praxis Capital Management LLC

Praxis Capital Management LLC boosted its stake in iShares Silver Trust (NYSEARCA:SLV) by 100.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,000 shares of the exchange traded fund’s stock after purchasing an additional 16,500 shares during the quarter. iShares Silver Trust comprises about 2.8% of Praxis Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Praxis Capital Management LLC’s holdings in iShares Silver Trust were worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its stake in shares of iShares Silver Trust by 12.7% in the 3rd quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after acquiring an additional 313,816 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after acquiring an additional 573,660 shares during the last quarter. Bank of Montreal Can grew its holdings in iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after purchasing an additional 1,852,688 shares during the period. Tableaux LLC acquired a new position in iShares Silver Trust during the fourth quarter valued at approximately $133,233,000. Finally, Mainstay Capital Management LLC ADV grew its holdings in iShares Silver Trust by 82.5% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock valued at $117,533,000 after purchasing an additional 824,589 shares during the period.

iShares Silver Trust Stock Down 1.5%

SLV opened at $58.16 on Friday. iShares Silver Trust has a 12 month low of $33.85 and a 12 month high of $109.83. The company has a fifty day simple moving average of $55.52 and a 200 day simple moving average of $66.40. The stock has a market cap of $31.06 billion, a P/E ratio of -8.51 and a beta of 0.50.

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.