Silver Oak Securities Incorporated Grows Position in iShares Silver Trust $SLV

Silver Oak Securities Incorporated lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 25.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,561 shares of the exchange traded fund’s stock after purchasing an additional 10,176 shares during the quarter. Silver Oak Securities Incorporated’s holdings in iShares Silver Trust were worth $3,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLV. Brighton Jones LLC grew its position in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,595 shares during the period. Bison Wealth LLC bought a new position in shares of iShares Silver Trust in the 4th quarter worth about $238,000. Capstone Wealth Management Group LLC purchased a new position in iShares Silver Trust during the 1st quarter valued at about $443,000. Schnieders Capital Management LLC. lifted its position in iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 1,300 shares during the period. Finally, First Trust Advisors LP purchased a new position in iShares Silver Trust during the 2nd quarter valued at about $886,000.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $51.78 on Thursday. The firm has a market capitalization of $29.31 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a one year low of $32.49 and a one year high of $109.83. The company’s 50-day simple moving average is $67.07 and its 200 day simple moving average is $70.17.

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.