Foundations Investment Advisors LLC Acquires 160,566 Shares of iShares Silver Trust $SLV

Foundations Investment Advisors LLC increased its position in iShares Silver Trust (NYSEARCA:SLV) by 30.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 696,240 shares of the exchange traded fund’s stock after purchasing an additional 160,566 shares during the quarter. Foundations Investment Advisors LLC owned approximately 0.13% of iShares Silver Trust worth $22,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Center for Financial Planning Inc. bought a new position in shares of iShares Silver Trust during the second quarter valued at $25,000. Highline Wealth Partners LLC bought a new stake in shares of iShares Silver Trust in the second quarter worth approximately $26,000. Addison Advisors LLC purchased a new position in shares of iShares Silver Trust during the second quarter valued at approximately $31,000. Financial Management Professionals Inc. lifted its holdings in shares of iShares Silver Trust by 37.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 302 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of iShares Silver Trust during the 2nd quarter valued at about $38,000.

iShares Silver Trust Price Performance

SLV stock opened at $45.96 on Friday. The company has a market capitalization of $24.76 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1-year low of $26.19 and a 1-year high of $49.25. The business has a 50 day simple moving average of $42.99 and a two-hundred day simple moving average of $36.48.

iShares Silver Trust 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.