Point Nemo Capital LLC Makes New $7.72 Million Investment in iShares Silver Trust $SLV

Point Nemo Capital LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 141,720 shares of the exchange traded fund’s stock, valued at approximately $7,725,000. iShares Silver Trust accounts for about 3.6% of Point Nemo Capital LLC’s investment portfolio, making the stock its 6th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. 180 Wealth Advisors LLC raised its holdings in shares of iShares Silver Trust by 8.0% in the 3rd quarter. 180 Wealth Advisors LLC now owns 8,757 shares of the exchange traded fund’s stock valued at $477,000 after acquiring an additional 649 shares in the last quarter. Axiom Investment Management LLC grew its holdings in shares of iShares Silver Trust by 200.0% during the third quarter. Axiom Investment Management LLC now owns 1,125 shares of the exchange traded fund’s stock worth $61,000 after purchasing an additional 750 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in shares of iShares Silver Trust during the third quarter worth about $202,000. Parallel Advisors LLC increased its position in shares of iShares Silver Trust by 196.3% in the third quarter. Parallel Advisors LLC now owns 91,787 shares of the exchange traded fund’s stock worth $5,003,000 after purchasing an additional 60,806 shares during the last quarter. Finally, S&A Financial Services Inc. bought a new position in shares of iShares Silver Trust in the third quarter worth approximately $219,000.

iShares Silver Trust Price Performance

Shares of SLV opened at $46.87 on Friday. The firm’s 50 day simple moving average is $54.22 and its 200 day simple moving average is $63.47. The company has a market capitalization of $25.23 billion, a P/E ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a 1-year low of $43.51 and a 1-year high of $109.83.

About iShares Silver Trust

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.