Bravias Capital Group LLC Increases Stock Position in iShares Silver Trust $SLV

Bravias Capital Group LLC raised its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 153.7% during the third quarter, Holdings Channel reports. The fund owned 80,750 shares of the exchange traded fund’s stock after buying an additional 48,918 shares during the period. iShares Silver Trust makes up approximately 2.3% of Bravias Capital Group LLC’s portfolio, making the stock its 9th largest position. Bravias Capital Group LLC’s holdings in iShares Silver Trust were worth $3,421,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Center for Financial Planning Inc. bought a new stake in shares of iShares Silver Trust in the 2nd quarter worth approximately $25,000. Highline Wealth Partners LLC purchased a new stake in iShares Silver Trust in the second quarter worth $26,000. Addison Advisors LLC bought a new stake in shares of iShares Silver Trust in the second quarter valued at $31,000. Financial Management Professionals Inc. lifted its position in shares of iShares Silver Trust by 37.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 302 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new position in shares of iShares Silver Trust during the 2nd quarter worth $38,000.

iShares Silver Trust Stock Down 7.2%

SLV opened at $66.01 on Tuesday. iShares Silver Trust has a twelve month low of $26.22 and a twelve month high of $71.22. The firm has a 50-day moving average price of $50.94 and a 200-day moving average price of $41.89. The company has a market capitalization of $35.56 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

Key Headlines Impacting iShares Silver Trust

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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.

Further Reading

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)

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