Granite Bay Wealth Management LLC Invests $7.67 Million in iShares Silver Trust $SLV

Granite Bay Wealth Management LLC acquired a new position in iShares Silver Trust (NYSEARCA:SLV) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 180,962 shares of the exchange traded fund’s stock, valued at approximately $7,667,000. iShares Silver Trust accounts for approximately 2.0% of Granite Bay Wealth Management LLC’s portfolio, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLV. Brighton Jones LLC grew its holdings in iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,595 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at $238,000. Capstone Wealth Management Group LLC purchased a new position in iShares Silver Trust in the 1st quarter worth about $443,000. Deutsche Bank AG acquired a new stake in iShares Silver Trust during the 1st quarter worth about $87,000. Finally, Walleye Capital LLC purchased a new stake in shares of iShares Silver Trust in the 1st quarter valued at approximately $564,000.

iShares Silver Trust Stock Up 0.6%

Shares of iShares Silver Trust stock opened at $65.22 on Thursday. The stock has a market cap of $35.14 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12 month low of $26.22 and a 12 month high of $65.53. The business has a fifty day simple moving average of $49.77 and a 200-day simple moving average of $41.11.

iShares Silver Trust Company 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.