Coastal Bridge Advisors LLC Grows Position in iShares Silver Trust $SLV

Coastal Bridge Advisors LLC raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 149.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 35,863 shares of the exchange traded fund’s stock after purchasing an additional 21,502 shares during the period. Coastal Bridge Advisors LLC’s holdings in iShares Silver Trust were worth $1,520,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SLV. Center for Financial Planning Inc. purchased a new stake in iShares Silver Trust in the 2nd quarter worth approximately $25,000. Addison Advisors LLC purchased a new position in iShares Silver Trust during the second quarter valued at approximately $31,000. Nexus Investment Management ULC boosted its position in shares of 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 during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of iShares Silver Trust in the second quarter worth $38,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the second quarter worth $39,000.

iShares Silver Trust Stock Performance

SLV opened at $105.57 on Friday. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week high of $109.83. The firm’s fifty day moving average is $67.69 and its 200 day moving average is $49.42. The stock has a market cap of $59.81 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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.