iShares Silver Trust $SLV Shares Purchased by MGO One Seven LLC

MGO One Seven LLC raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 8.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 110,177 shares of the exchange traded fund’s stock after buying an additional 8,670 shares during the quarter. MGO One Seven LLC’s holdings in iShares Silver Trust were worth $4,668,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Center for Financial Planning Inc. acquired a new stake in shares of iShares Silver Trust in the 2nd quarter worth about $25,000. Highline Wealth Partners LLC bought a new position in iShares Silver Trust in the 2nd quarter worth about $26,000. Addison Advisors LLC bought a new position in iShares Silver Trust in the 2nd quarter worth about $31,000. Nexus Investment Management ULC increased its stake in shares of iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in shares of iShares Silver Trust by 37.6% in the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 302 shares during the period.

iShares Silver Trust Trading Up 6.7%

SLV opened at $77.23 on Tuesday. The business’s 50 day moving average is $56.14 and its 200-day moving average is $44.47. The stock has a market cap of $44.14 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $78.18.

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.