iShares Silver Trust $SLV Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 53.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,840 shares of the exchange traded fund’s stock after buying an additional 10,076 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares Silver Trust were worth $1,222,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Center for Financial Planning Inc. acquired a new stake in shares of iShares Silver Trust in the 2nd quarter worth about $25,000. Addison Advisors LLC acquired a new position in iShares Silver Trust during the 2nd quarter valued at about $31,000. Nexus Investment Management ULC grew its position in 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 last quarter. Darwin Wealth Management LLC bought a new position in iShares Silver Trust in the 2nd quarter worth about $39,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of iShares Silver Trust in the second quarter valued at approximately $47,000.

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iShares Silver Trust Trading Up 2.9%

SLV opened at $69.72 on Friday. The business’s 50 day moving average is $72.78 and its 200-day moving average is $52.34. The stock has a market cap of $38.38 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83.

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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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

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

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