Sound Income Strategies LLC Increases Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Sound Income Strategies LLC raised its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 44.4% in the 2nd quarter, Holdings Channel reports. The firm owned 5,616 shares of the exchange traded fund’s stock after acquiring an additional 1,727 shares during the period. Sound Income Strategies LLC’s holdings in iShares Silver Trust were worth $149,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SLV. NWI Management LP lifted its position in iShares Silver Trust by 10,526.6% during the first quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after purchasing an additional 5,263,305 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in shares of iShares Silver Trust during the 1st quarter valued at about $37,183,000. Cetera Investment Advisers lifted its holdings in shares of iShares Silver Trust by 842.7% in the 1st quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock valued at $18,581,000 after acquiring an additional 730,121 shares during the last quarter. RIA Advisory Group LLC grew its position in iShares Silver Trust by 3,532.2% in the first quarter. RIA Advisory Group LLC now owns 737,854 shares of the exchange traded fund’s stock worth $16,786,000 after acquiring an additional 717,540 shares in the last quarter. Finally, Yong Rong HK Asset Management Ltd bought a new stake in iShares Silver Trust during the fourth quarter worth approximately $10,890,000.

iShares Silver Trust Stock Performance

SLV stock traded down $0.01 during midday trading on Friday, reaching $25.00. 15,934,047 shares of the company traded hands, compared to its average volume of 23,317,611. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $29.56. The business has a 50 day moving average of $26.84 and a 200-day moving average of $24.80.

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.

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

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