Ignite Planners LLC Increases Stock Holdings in iShares Silver Trust $SLV

Ignite Planners LLC lifted its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,782 shares of the exchange traded fund’s stock after acquiring an additional 417 shares during the period. Ignite Planners LLC’s holdings in iShares Silver Trust were worth $546,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Morton Capital Management LLC CA purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $371,000. Valmark Advisers Inc. purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $342,000. WESPAC Advisors LLC raised its holdings in shares of iShares Silver Trust by 4.0% during the 2nd quarter. WESPAC Advisors LLC now owns 30,643 shares of the exchange traded fund’s stock valued at $1,005,000 after buying an additional 1,189 shares during the period. Lansing Street Advisors purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $796,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter valued at about $65,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $44.56 on Thursday. iShares Silver Trust has a one year low of $26.19 and a one year high of $45.01. The business’s 50-day simple moving average is $37.50 and its 200 day simple moving average is $33.50. The company has a market cap of $24.75 billion, a P/E ratio of -8.51 and a beta of 0.59.

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.