Insigneo Advisory Services LLC Has $18.05 Million Stock Holdings in iShares Silver Trust $SLV

Insigneo Advisory Services LLC boosted its position in iShares Silver Trust (NYSEARCA:SLVFree Report) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 425,931 shares of the exchange traded fund’s stock after acquiring an additional 35,999 shares during the period. iShares Silver Trust accounts for 1.3% of Insigneo Advisory Services LLC’s portfolio, making the stock its 13th largest position. Insigneo Advisory Services LLC’s holdings in iShares Silver Trust were worth $18,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Addison Advisors LLC acquired a new stake in shares of iShares Silver Trust during the 2nd quarter worth approximately $31,000. 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 during the period. Raleigh Capital Management Inc. acquired a new position in shares of iShares Silver Trust in the 3rd quarter valued at $32,000. Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust in the 3rd quarter worth $38,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of iShares Silver Trust during the second quarter worth $39,000.

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iShares Silver Trust Trading Down 8.4%

NYSEARCA SLV opened at $74.68 on Wednesday. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83. The stock has a 50-day simple moving average of $77.06 and a 200 day simple moving average of $56.14. The company has a market capitalization of $41.11 billion, a PE ratio of -8.51 and a beta of 0.38.

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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