Fortress Financial Solutions LLC Invests $265,000 in iShares Silver Trust $SLV

Fortress Financial Solutions LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,086 shares of the exchange traded fund’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLV. Kingstone Capital Partners Texas LLC acquired a new stake in iShares Silver Trust in the second quarter valued at $162,217,000. Meitav Investment House Ltd. boosted its position in shares of iShares Silver Trust by 5.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock worth $97,589,000 after buying an additional 152,600 shares in the last quarter. Ameriprise Financial Inc. grew its stake in iShares Silver Trust by 127.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after acquiring an additional 1,460,084 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in iShares Silver Trust by 8.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,105,854 shares of the exchange traded fund’s stock valued at $65,260,000 after acquiring an additional 166,148 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in iShares Silver Trust by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,372,143 shares of the exchange traded fund’s stock valued at $45,020,000 after acquiring an additional 295,575 shares in the last quarter.

iShares Silver Trust Trading Up 3.7%

Shares of SLV opened at $48.40 on Thursday. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $49.25. The stock has a market cap of $26.08 billion, a P/E ratio of -8.51 and a beta of 0.38. The company has a 50-day moving average of $44.34 and a two-hundred day moving average of $37.47.

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.