ROI Financial Advisors LLC Purchases 16,437 Shares of iShares Silver Trust $SLV

ROI Financial Advisors LLC lifted its position in iShares Silver Trust (NYSEARCA:SLV) by 30.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 69,656 shares of the exchange traded fund’s stock after purchasing an additional 16,437 shares during the period. iShares Silver Trust accounts for approximately 1.8% of ROI Financial Advisors LLC’s investment portfolio, making the stock its 19th largest holding. ROI Financial Advisors LLC’s holdings in iShares Silver Trust were worth $2,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Center for Financial Planning Inc. bought a new position in iShares Silver Trust in 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 worth $32,000 after purchasing an additional 250 shares during the period. Raleigh Capital Management Inc. purchased a new position in shares of iShares Silver Trust in the third quarter worth approximately $32,000. Hopwood Financial Services Inc. bought a new stake in iShares Silver Trust during the third quarter valued at approximately $38,000. Finally, Addison Advisors LLC purchased a new stake in iShares Silver Trust during the second quarter valued at approximately $31,000.

iShares Silver Trust Trading Up 7.9%

SLV opened at $76.62 on Monday. The firm’s 50 day simple moving average is $74.30 and its two-hundred day simple moving average is $53.89. The company has a market capitalization of $42.18 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83.

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.