iShares Silver Trust $SLV Shares Acquired by Hoey Investments Inc.

Hoey Investments Inc. lifted its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 29.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,184 shares of the exchange traded fund’s stock after purchasing an additional 10,485 shares during the period. iShares Silver Trust comprises 0.5% of Hoey Investments Inc.’s investment portfolio, making the stock its 20th biggest position. Hoey Investments Inc.’s holdings in iShares Silver Trust were worth $3,147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SLV. Brighton Jones LLC increased its stake in iShares Silver Trust by 9.2% during 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 in the last quarter. Bison Wealth LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter worth approximately $238,000. Capstone Wealth Management Group LLC acquired a new stake in shares of iShares Silver Trust in the first quarter worth approximately $443,000. Schnieders Capital Management LLC. increased its position in shares of iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of iShares Silver Trust during the second quarter worth approximately $886,000.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $55.66 on Tuesday. The business has a fifty day moving average price of $64.34 and a 200 day moving average price of $70.06. The company has a market cap of $29.73 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a one year low of $32.96 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.