Arete Wealth Advisors LLC Purchases 35,859 Shares of iShares Silver Trust $SLV

Arete Wealth Advisors LLC boosted its holdings in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 43.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,641 shares of the exchange traded fund’s stock after buying an additional 35,859 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $4,985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLV. Center for Financial Planning Inc. bought a new position in shares of iShares Silver Trust during the 2nd quarter worth about $25,000. Addison Advisors LLC bought a new stake in iShares Silver Trust in the second quarter valued at about $31,000. Nexus Investment Management ULC raised its position in iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 250 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in iShares Silver Trust in the third quarter worth about $32,000. Finally, Hopwood Financial Services Inc. bought a new position in iShares Silver Trust during the third quarter worth about $38,000.

iShares Silver Trust Trading Up 5.6%

NYSEARCA SLV opened at $84.99 on Friday. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83. The company has a market capitalization of $46.79 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The stock’s 50 day moving average is $76.48 and its two-hundred day moving average is $55.38.

iShares Silver Trust News Roundup

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

iShares Silver Trust Company 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.

Read More

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

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

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.