Magnus Financial Group LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,147 shares of the exchange traded fund’s stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Squar Milner Financial Services LLC raised its holdings in shares of iShares Silver Trust by 100.0% during the first quarter. Squar Milner Financial Services LLC now owns 2,000 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 1,000 shares during the last quarter. Mackey Komara & Dankovich LLC raised its holdings in shares of iShares Silver Trust by 99.0% during the first quarter. Mackey Komara & Dankovich LLC now owns 2,078 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 1,034 shares during the last quarter. Weaver Consulting Group acquired a new position in shares of iShares Silver Trust during the first quarter valued at approximately $31,000. Ellis Investment Partners LLC acquired a new position in shares of iShares Silver Trust during the first quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of iShares Silver Trust during the first quarter valued at approximately $42,000.

Shares of iShares Silver Trust stock traded up $0.23 during mid-day trading on Tuesday, reaching $16.02. 363,267 shares of the stock traded hands, compared to its average volume of 10,920,509. The business has a 50-day moving average of $15.12 and a 200 day moving average of $14.44. iShares Silver Trust has a fifty-two week low of $13.11 and a fifty-two week high of $16.22.

iShares Silver Trust Company 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.

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

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