Briaud Financial Planning Inc Grows Stake in iShares Silver Trust $SLV

Briaud Financial Planning Inc lifted its holdings in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 5,493.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 621,064 shares of the exchange traded fund’s stock after buying an additional 609,960 shares during the period. iShares Silver Trust makes up about 8.6% of Briaud Financial Planning Inc’s investment portfolio, making the stock its 5th largest holding. Briaud Financial Planning Inc’s holdings in iShares Silver Trust were worth $26,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nexus Investment Management ULC raised its stake 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 valued at $32,000 after acquiring an additional 250 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in iShares Silver Trust during the 3rd quarter worth $32,000. Hopwood Financial Services Inc. bought a new position in shares of iShares Silver Trust in the third quarter worth $38,000. Darwin Wealth Management LLC acquired a new position in shares of iShares Silver Trust during the second quarter valued at $39,000. Finally, Evolution Wealth Management Inc. acquired a new position in shares of iShares Silver Trust during the second quarter valued at $47,000.

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iShares Silver Trust Stock Down 2.1%

Shares of NYSEARCA SLV opened at $71.66 on Wednesday. The stock has a market cap of $39.45 billion, a P/E ratio of -8.51 and a beta of 0.38. The firm’s 50-day simple moving average is $78.69 and its 200 day simple moving average is $59.00. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $109.83.

iShares Silver Trust 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.

Further Reading

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

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