Regal Partners Ltd Takes $877,000 Position in iShares Silver Trust $SLV

Regal Partners Ltd purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the third quarter, Holdings Channel reports. The institutional investor purchased 20,700 shares of the exchange traded fund’s stock, valued at approximately $877,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SLV. CreativeOne Wealth LLC grew its holdings in iShares Silver Trust by 5.0% during the third quarter. CreativeOne Wealth LLC now owns 123,330 shares of the exchange traded fund’s stock valued at $5,225,000 after purchasing an additional 5,828 shares during the period. Blair William & Co. IL raised its holdings in iShares Silver Trust by 593.0% in the third quarter. Blair William & Co. IL now owns 185,371 shares of the exchange traded fund’s stock worth $7,854,000 after purchasing an additional 158,623 shares during the period. HUB Investment Partners LLC acquired a new stake in iShares Silver Trust in the third quarter worth $1,301,000. Legacy Capital Group California Inc. boosted its position in shares of iShares Silver Trust by 32.0% during the third quarter. Legacy Capital Group California Inc. now owns 9,011 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 2,184 shares in the last quarter. Finally, Modern Wealth Management LLC boosted its position in shares of iShares Silver Trust by 48.3% during the third quarter. Modern Wealth Management LLC now owns 12,979 shares of the exchange traded fund’s stock worth $550,000 after purchasing an additional 4,226 shares in the last quarter.

iShares Silver Trust Stock Up 2.2%

Shares of SLV stock opened at $75.94 on Friday. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The firm has a fifty day moving average of $77.54 and a 200-day moving average of $56.85. The firm has a market capitalization of $41.80 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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.