iShares Silver Trust $SLV Stock Purchased by Investment Partners LTD.

Investment Partners LTD. increased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 95.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,460 shares of the exchange traded fund’s stock after buying an additional 41,795 shares during the quarter. Investment Partners LTD.’s holdings in iShares Silver Trust were worth $4,658,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its holdings in iShares Silver Trust by 7.5% in the 2nd quarter. HighTower Advisors LLC now owns 1,165,149 shares of the exchange traded fund’s stock valued at $62,300,000 after buying an additional 81,257 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of iShares Silver Trust by 1.3% during the 2nd quarter. NewEdge Advisors LLC now owns 467,435 shares of the exchange traded fund’s stock valued at $24,994,000 after acquiring an additional 6,163 shares during the last quarter. Wealthfront Advisers LLC boosted its position in shares of iShares Silver Trust by 17.9% during the 1st quarter. Wealthfront Advisers LLC now owns 375,833 shares of the exchange traded fund’s stock valued at $25,609,000 after acquiring an additional 57,070 shares during the last quarter. New Harbor Financial Group LLC boosted its position in shares of iShares Silver Trust by 5.1% during the 3rd quarter. New Harbor Financial Group LLC now owns 373,453 shares of the exchange traded fund’s stock valued at $20,357,000 after acquiring an additional 18,239 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of iShares Silver Trust by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 361,349 shares of the exchange traded fund’s stock valued at $24,622,000 after purchasing an additional 13,741 shares during the period.

iShares Silver Trust Trading Down 5.7%

iShares Silver Trust stock opened at $44.60 on Friday. iShares Silver Trust has a 12-month low of $42.51 and a 12-month high of $109.83. The stock has a market cap of $24.00 billion, a P/E ratio of -8.51 and a beta of 0.51. The company has a 50-day moving average price of $55.82 and a 200 day moving average price of $64.38.

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.