Rakuten Securities Inc. Raises Position in iShares Silver Trust $SLV

Rakuten Securities Inc. lifted its stake in iShares Silver Trust (NYSEARCA:SLV) by 207.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,369 shares of the exchange traded fund’s stock after purchasing an additional 12,401 shares during the period. Rakuten Securities Inc.’s holdings in iShares Silver Trust were worth $778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in iShares Silver Trust in the second quarter worth approximately $162,217,000. GLOBALT Investments LLC GA purchased a new position in iShares Silver Trust in the second quarter valued at $29,459,000. Guggenheim Capital LLC boosted its position in shares of iShares Silver Trust by 1,557.6% during the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock worth $30,006,000 after acquiring an additional 859,355 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of iShares Silver Trust in the 2nd quarter valued at about $26,643,000. Finally, Yong Rong HK Asset Management Ltd raised its position in shares of iShares Silver Trust by 299.6% during the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock worth $26,248,000 after acquiring an additional 599,800 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $84.56 on Thursday. The stock’s 50-day simple moving average is $57.68 and its 200-day simple moving average is $45.07. The firm has a market capitalization of $48.63 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $84.78.

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.