Spire Wealth Management Boosts Position in iShares Silver Trust $SLV

Spire Wealth Management increased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 92.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,949 shares of the exchange traded fund’s stock after acquiring an additional 11,489 shares during the quarter. Spire Wealth Management’s holdings in iShares Silver Trust were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SLV. Quadrature Capital Ltd raised its stake in iShares Silver Trust by 1,691.5% during the third quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock worth $40,681,000 after purchasing an additional 906,747 shares during the period. Guggenheim Capital LLC boosted its holdings in iShares Silver Trust by 1,557.6% in the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after purchasing an additional 859,355 shares during the last quarter. Mainstay Capital Management LLC ADV grew its stake in shares of iShares Silver Trust by 478.6% in the 3rd quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock valued at $42,365,000 after buying an additional 827,089 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of iShares Silver Trust in the 2nd quarter valued at approximately $26,643,000. Finally, Briaud Financial Planning Inc increased its holdings in shares of iShares Silver Trust by 5,493.2% during the 3rd quarter. Briaud Financial Planning Inc now owns 621,064 shares of the exchange traded fund’s stock worth $26,314,000 after buying an additional 609,960 shares during the last quarter.

iShares Silver Trust Stock Performance

SLV stock opened at $63.52 on Tuesday. The firm has a market cap of $34.97 billion, a PE ratio of -8.51 and a beta of 0.38. The firm’s 50 day moving average price is $76.20 and its 200-day moving average price is $60.69. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83.

About iShares Silver Trust

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.