Rakuten Securities Inc. Raises Holdings in iShares Silver Trust $SLV

Rakuten Securities Inc. lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 207.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,369 shares of the exchange traded fund’s stock after purchasing an additional 12,401 shares during the period. Rakuten Securities Inc.’s holdings in iShares Silver Trust were worth $778,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Wealth Effects LLC lifted its stake in iShares Silver Trust by 60.8% in the third quarter. Wealth Effects LLC now owns 15,035 shares of the exchange traded fund’s stock valued at $637,000 after buying an additional 5,683 shares during the last quarter. BCS Private Wealth Management Inc. increased its holdings in shares of iShares Silver Trust by 9.0% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 34,975 shares of the exchange traded fund’s stock valued at $1,482,000 after acquiring an additional 2,875 shares during the period. Well Done LLC raised its position in iShares Silver Trust by 83.1% in the 3rd quarter. Well Done LLC now owns 52,848 shares of the exchange traded fund’s stock valued at $2,239,000 after purchasing an additional 23,988 shares during the last quarter. Procyon Advisors LLC boosted its stake in iShares Silver Trust by 9.4% during the 3rd quarter. Procyon Advisors LLC now owns 18,528 shares of the exchange traded fund’s stock worth $785,000 after purchasing an additional 1,596 shares during the period. Finally, Sharp Financial Services LLC purchased a new position in iShares Silver Trust during the 3rd quarter worth $697,000.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $84.56 on Thursday. The firm’s fifty day moving average is $57.68 and its two-hundred day moving average is $45.07. iShares Silver Trust has a one year low of $26.57 and a one year high of $84.78. The firm has a market cap of $48.63 billion, a PE ratio of -8.51 and a beta of 0.38.

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.