Orion Porfolio Solutions LLC Grows Stake in iShares Silver Trust $SLV

Orion Porfolio Solutions LLC boosted its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 22.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,790 shares of the exchange traded fund’s stock after acquiring an additional 11,421 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in iShares Silver Trust were worth $2,660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLV. JT Stratford LLC boosted its holdings in shares of iShares Silver Trust by 2.7% in the 3rd quarter. JT Stratford LLC now owns 8,429 shares of the exchange traded fund’s stock worth $357,000 after purchasing an additional 225 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in iShares Silver Trust by 2.1% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 11,819 shares of the exchange traded fund’s stock valued at $501,000 after buying an additional 239 shares during the period. Swisher Financial Concepts Inc. lifted its position in iShares Silver Trust by 1.4% in the third quarter. Swisher Financial Concepts Inc. now owns 17,205 shares of the exchange traded fund’s stock worth $729,000 after buying an additional 240 shares during the last quarter. Nexus Investment Management ULC lifted its position in 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 worth $32,000 after buying an additional 250 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its stake in iShares Silver Trust by 0.6% during the third quarter. Silver Oak Securities Incorporated now owns 42,936 shares of the exchange traded fund’s stock worth $1,819,000 after buying an additional 251 shares during the period.

Key iShares Silver Trust News

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Up 2.3%

SLV stock opened at $80.09 on Wednesday. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The stock has a market capitalization of $44.09 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The firm’s fifty day simple moving average is $78.00 and its two-hundred day simple moving average is $57.63.

iShares Silver Trust Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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