Clear Street Group Inc. Makes New $1.55 Million Investment in iShares Silver Trust $SLV

Clear Street Group Inc. bought a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 36,555 shares of the exchange traded fund’s stock, valued at approximately $1,549,000.

Several other hedge funds have also modified their holdings of the stock. Nexus Investment Management ULC lifted its holdings in iShares Silver Trust by 50.0% during the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 250 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of iShares Silver Trust during the third quarter worth $32,000. Hopwood Financial Services Inc. acquired a new position in shares of iShares Silver Trust during the third quarter valued at $38,000. ORG Partners LLC lifted its stake in shares of iShares Silver Trust by 38.9% during the third quarter. ORG Partners LLC now owns 1,125 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 315 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new position in iShares Silver Trust in the third quarter valued at about $50,000.

iShares Silver Trust Stock Down 5.0%

Shares of SLV stock opened at $72.69 on Monday. The stock has a 50-day moving average price of $78.65 and a 200 day moving average price of $58.49. The firm has a market cap of $40.02 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 12 month low of $26.57 and a 12 month high of $109.83.

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.