Lansing Street Advisors Acquires 9,669 Shares of iShares Silver Trust $SLV

Lansing Street Advisors increased its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 39.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,916 shares of the exchange traded fund’s stock after acquiring an additional 9,669 shares during the period. Lansing Street Advisors’ holdings in iShares Silver Trust were worth $1,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLV. Guggenheim Capital LLC increased its position in shares of iShares Silver Trust by 1,557.6% during the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after purchasing an additional 859,355 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in shares of iShares Silver Trust during the 2nd quarter worth about $26,643,000. Yong Rong HK Asset Management Ltd lifted its stake in iShares Silver Trust by 299.6% in the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock worth $26,248,000 after purchasing an additional 599,800 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in iShares Silver Trust in the second quarter worth about $17,597,000. Finally, Great Valley Advisor Group Inc. boosted its position in shares of iShares Silver Trust by 1,133.5% during the second quarter. Great Valley Advisor Group Inc. now owns 526,970 shares of the exchange traded fund’s stock valued at $17,290,000 after buying an additional 484,247 shares during the period.

iShares Silver Trust News Summary

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Performance

SLV opened at $80.45 on Friday. The stock’s 50 day moving average price is $76.00 and its 200-day moving average price is $54.88. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

iShares Silver Trust Company 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.

See Also

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

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