Verus Capital Partners LLC Grows Stock Holdings in iShares Silver Trust $SLV

Verus Capital Partners LLC lifted its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 315.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,725 shares of the exchange traded fund’s stock after purchasing an additional 25,600 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares Silver Trust were worth $1,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLV. Guggenheim Capital LLC raised its stake in iShares Silver Trust by 1,557.6% during the second quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after buying an additional 859,355 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of iShares Silver Trust during the second quarter valued at $26,643,000. Yong Rong HK Asset Management Ltd raised its position in shares of iShares Silver Trust by 299.6% in the 2nd 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 position in iShares Silver Trust in the 2nd quarter worth about $17,597,000. Finally, Great Valley Advisor Group Inc. boosted its stake in iShares Silver Trust by 1,133.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 526,970 shares of the exchange traded fund’s stock worth $17,290,000 after purchasing an additional 484,247 shares in the last quarter.

Key Headlines Impacting iShares Silver Trust

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

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $80.57 on Tuesday. The company has a market capitalization of $44.35 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83. The company’s 50-day moving average is $74.75 and its 200 day moving average is $54.21.

iShares Silver Trust 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.

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

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