Plan Group Financial LLC Buys New Position in iShares Silver Trust $SLV

Plan Group Financial LLC bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the third quarter, Holdings Channel.com reports. The fund bought 60,912 shares of the exchange traded fund’s stock, valued at approximately $2,581,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in iShares Silver Trust during the second quarter worth $162,217,000. Meitav Investment House Ltd. raised its position in shares of iShares Silver Trust by 5.4% in the 2nd quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock worth $97,589,000 after acquiring an additional 152,600 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of iShares Silver Trust by 1.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,472,356 shares of the exchange traded fund’s stock valued at $81,118,000 after purchasing an additional 25,584 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of iShares Silver Trust by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock valued at $85,732,000 after purchasing an additional 26,710 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of iShares Silver Trust by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,372,143 shares of the exchange traded fund’s stock valued at $45,020,000 after purchasing an additional 295,575 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $78.60 on Wednesday. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $80.80. The stock has a 50 day simple moving average of $56.86 and a two-hundred day simple moving average of $44.79. The company has a market cap of $45.20 billion, a P/E ratio of -8.51 and a beta of 0.38.

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.