Oppenheimer & Co. Inc. Grows Stake in iShares Silver Trust $SLV

Oppenheimer & Co. Inc. grew its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 36.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,817 shares of the exchange traded fund’s stock after purchasing an additional 68,738 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares Silver Trust were worth $11,008,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Center for Financial Planning Inc. acquired a new position in iShares Silver Trust during the 2nd quarter worth approximately $25,000. Addison Advisors LLC acquired a new stake in iShares Silver Trust in the second quarter valued at approximately $31,000. Nexus Investment Management ULC raised its stake in shares of iShares Silver Trust by 50.0% during the third 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 during the period. Raleigh Capital Management Inc. purchased a new stake in shares of iShares Silver Trust during the third quarter valued at approximately $32,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of iShares Silver Trust during the second quarter worth $38,000.

iShares Silver Trust Trading Up 8.3%

Shares of SLV stock opened at $76.04 on Tuesday. The firm has a fifty day simple moving average of $71.25 and a 200-day simple moving average of $51.54. The company has a market capitalization of $41.86 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83.

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About iShares Silver Trust

(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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