iShares Silver Trust $SLV Position Increased by HBW Advisory Services LLC

HBW Advisory Services LLC grew its position in iShares Silver Trust (NYSEARCA:SLV) by 88.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,120 shares of the exchange traded fund’s stock after buying an additional 14,139 shares during the quarter. HBW Advisory Services LLC’s holdings in iShares Silver Trust were worth $1,276,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SLV. Kingstone Capital Partners Texas LLC purchased a new position in iShares Silver Trust during the 2nd quarter worth approximately $162,217,000. Meitav Investment House Ltd. boosted its position in shares of iShares Silver Trust by 5.4% in the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock worth $97,589,000 after buying an additional 152,600 shares during the period. Raymond James Financial Inc. grew its holdings in shares of iShares Silver Trust by 1.0% during the second quarter. Raymond James Financial Inc. now owns 2,472,356 shares of the exchange traded fund’s stock valued at $81,118,000 after buying an additional 25,584 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares Silver Trust by 27.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,372,143 shares of the exchange traded fund’s stock valued at $45,020,000 after buying an additional 295,575 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in iShares Silver Trust by 4.5% during the second quarter. Cetera Investment Advisers now owns 1,290,663 shares of the exchange traded fund’s stock valued at $42,347,000 after buying an additional 55,180 shares during the period.

iShares Silver Trust Trading Up 9.0%

Shares of iShares Silver Trust stock opened at $71.12 on Friday. iShares Silver Trust has a 1 year low of $26.22 and a 1 year high of $71.23. The company has a market cap of $38.32 billion, a P/E ratio of -8.51 and a beta of 0.38. The stock has a 50-day moving average price of $50.57 and a 200 day moving average price of $41.60.

iShares Silver Trust 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.