CoreCap Advisors LLC Increases Stock Holdings in iShares Silver Trust $SLV

CoreCap Advisors LLC boosted its holdings in iShares Silver Trust (NYSEARCA:SLV) by 302.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,740 shares of the exchange traded fund’s stock after purchasing an additional 107,275 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares Silver Trust were worth $7,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Howard Financial Services LTD. grew its holdings in iShares Silver Trust by 16.9% in the 2nd quarter. Howard Financial Services LTD. now owns 4,926 shares of the exchange traded fund’s stock valued at $263,000 after buying an additional 713 shares during the period. Noble Wealth Management PBC lifted its holdings in shares of iShares Silver Trust by 27.5% during the 2nd quarter. Noble Wealth Management PBC now owns 10,509 shares of the exchange traded fund’s stock worth $562,000 after acquiring an additional 2,265 shares during the period. VectorGlobal IAG Inc. purchased a new position in shares of iShares Silver Trust during the 1st quarter worth about $659,000. Basecamp Wealth Advisors LLC acquired a new stake in shares of iShares Silver Trust in the first quarter worth approximately $500,000. Finally, MTM Financial Group LLC boosted its position in shares of iShares Silver Trust by 4.4% in the first quarter. MTM Financial Group LLC now owns 9,504 shares of the exchange traded fund’s stock worth $648,000 after acquiring an additional 398 shares during the last quarter.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $53.84 on Wednesday. iShares Silver Trust has a 1 year low of $33.85 and a 1 year high of $109.83. The firm has a 50 day moving average price of $56.89 and a 200 day moving average price of $67.74. The company has a market cap of $28.76 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50.

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. 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.