Fortis Group Advisors LLC Buys 99,935 Shares of iShares Silver Trust $SLV

Fortis Group Advisors LLC lifted its position in iShares Silver Trust (NYSEARCA:SLV) by 7,252.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,313 shares of the exchange traded fund’s stock after buying an additional 99,935 shares during the quarter. Fortis Group Advisors LLC’s holdings in iShares Silver Trust were worth $4,457,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SLV. Center for Financial Planning Inc. bought a new position in shares of iShares Silver Trust in the 2nd quarter valued at about $25,000. Addison Advisors LLC acquired a new stake in iShares Silver Trust in the 2nd quarter valued at about $31,000. Nexus Investment Management ULC lifted its stake in iShares Silver Trust by 50.0% in the 3rd 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 during the last quarter. Raleigh Capital Management Inc. bought a new position in iShares Silver Trust during the third quarter worth about $32,000. Finally, Hopwood Financial Services Inc. bought a new position in iShares Silver Trust during the third quarter worth about $38,000.

iShares Silver Trust Stock Down 4.8%

NYSEARCA:SLV opened at $66.37 on Wednesday. The stock’s 50 day moving average price is $73.34 and its two-hundred day moving average price is $53.08. The firm has a market capitalization of $36.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83.

iShares Silver Trust Company 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.