ROI Financial Advisors LLC Boosts Stock Holdings in iShares Silver Trust $SLV

ROI Financial Advisors LLC increased its position in iShares Silver Trust (NYSEARCA:SLV) by 30.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,656 shares of the exchange traded fund’s stock after acquiring an additional 16,437 shares during the period. iShares Silver Trust comprises approximately 1.8% of ROI Financial Advisors LLC’s holdings, making the stock its 19th largest position. ROI Financial Advisors LLC’s holdings in iShares Silver Trust were worth $2,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SLV. Center for Financial Planning Inc. purchased a new position in shares of iShares Silver Trust in the second quarter worth $25,000. Addison Advisors LLC purchased a new stake in shares of iShares Silver Trust during the second quarter valued at $31,000. Nexus Investment Management ULC increased its holdings 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 worth $32,000 after buying an additional 250 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in iShares Silver Trust in the 3rd quarter worth about $32,000. Finally, Hopwood Financial Services Inc. bought a new position in iShares Silver Trust during the 3rd quarter valued at about $38,000.

iShares Silver Trust Stock Up 7.9%

Shares of NYSEARCA SLV opened at $76.62 on Monday. The firm’s 50-day moving average price is $74.30 and its 200-day moving average price is $53.89. iShares Silver Trust has a 52-week low of $26.57 and a 52-week high of $109.83. The company has a market cap of $42.18 billion, a PE ratio of -8.51 and a beta of 0.38.

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.