Proficio Capital Partners LLC Raises Stake in iShares Silver Trust $SLV

Proficio Capital Partners LLC raised its position in iShares Silver Trust (NYSEARCA:SLV) by 63.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,560 shares of the exchange traded fund’s stock after buying an additional 93,432 shares during the quarter. Proficio Capital Partners LLC’s holdings in iShares Silver Trust were worth $12,863,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in iShares Silver Trust during the first quarter valued at approximately $2,762,000. Financial Partners Group Inc purchased a new stake in iShares Silver Trust during the fourth quarter valued at about $509,000. Renaissance Technologies LLC purchased a new position in shares of iShares Silver Trust during the 1st quarter valued at about $7,437,000. Thoroughbred Financial Services LLC raised its stake in shares of iShares Silver Trust by 77.2% during the fourth quarter. Thoroughbred Financial Services LLC now owns 22,513 shares of the exchange traded fund’s stock worth $1,450,000 after acquiring an additional 9,811 shares in the last quarter. Finally, Price Capital Management Inc. raised its position in iShares Silver Trust by 92.1% in the 4th quarter. Price Capital Management Inc. now owns 113,740 shares of the exchange traded fund’s stock worth $7,327,000 after purchasing an additional 54,520 shares during the period.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $60.13 on Tuesday. The business’s 50 day simple moving average is $55.56 and its two-hundred day simple moving average is $64.48. iShares Silver Trust has a one year low of $35.32 and a one year high of $109.83. The stock has a market capitalization of $32.12 billion, a P/E ratio of -8.51 and a beta of 0.50.

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.