Foundations Investment Advisors LLC Boosts Stock Holdings in iShares Silver Trust $SLV

Foundations Investment Advisors LLC raised its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 24.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 866,655 shares of the exchange traded fund’s stock after purchasing an additional 170,415 shares during the quarter. Foundations Investment Advisors LLC owned about 0.16% of iShares Silver Trust worth $36,720,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Center for Financial Planning Inc. purchased a new stake in iShares Silver Trust during the second quarter valued at about $25,000. Nexus Investment Management ULC lifted its stake in shares of iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares in the last quarter. Addison Advisors LLC purchased a new stake in shares of iShares Silver Trust during the 2nd quarter worth about $31,000. ORG Partners LLC increased its position in iShares Silver Trust by 38.9% during the 3rd quarter. ORG Partners LLC now owns 1,125 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 315 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new position in iShares Silver Trust in the third quarter valued at approximately $50,000.

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iShares Silver Trust Stock Up 3.9%

Shares of SLV stock opened at $105.60 on Thursday. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $106.70. The firm’s 50 day moving average price is $66.50 and its two-hundred day moving average price is $49.03. The stock has a market cap of $60.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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. 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.

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

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