Well Done LLC Raises Holdings in iShares Silver Trust $SLV

Well Done LLC grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 83.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,848 shares of the exchange traded fund’s stock after acquiring an additional 23,988 shares during the quarter. Well Done LLC’s holdings in iShares Silver Trust were worth $2,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in iShares Silver Trust in the 3rd quarter valued at about $832,000. Benjamin Edwards Inc. lifted its holdings in iShares Silver Trust by 298.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 50,197 shares of the exchange traded fund’s stock valued at $2,127,000 after purchasing an additional 37,598 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of iShares Silver Trust during the third quarter worth $524,000. Apella Capital LLC purchased a new position in shares of iShares Silver Trust in the second quarter worth about $291,000. Finally, Eagle Strategies LLC boosted its position in iShares Silver Trust by 728.4% during the third quarter. Eagle Strategies LLC now owns 88,818 shares of the exchange traded fund’s stock worth $3,763,000 after acquiring an additional 78,097 shares during the last quarter.

iShares Silver Trust Trading Up 7.6%

SLV stock opened at $84.56 on Thursday. The firm has a 50-day moving average of $57.68 and a two-hundred day moving average of $45.07. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $84.78. The company has a market cap of $48.63 billion, a price-to-earnings 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.