Insigneo Advisory Services LLC Has $9.87 Million Stake in iShares Silver Trust (NYSEARCA:SLV)

Insigneo Advisory Services LLC increased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 34.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 347,342 shares of the exchange traded fund’s stock after purchasing an additional 88,647 shares during the period. iShares Silver Trust makes up about 1.0% of Insigneo Advisory Services LLC’s portfolio, making the stock its 15th biggest holding. Insigneo Advisory Services LLC owned approximately 0.07% of iShares Silver Trust worth $9,868,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Whitaker Myers Wealth Managers LTD. lifted its holdings in iShares Silver Trust by 3.1% during the 3rd quarter. Whitaker Myers Wealth Managers LTD. now owns 11,339 shares of the exchange traded fund’s stock worth $322,000 after purchasing an additional 340 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in iShares Silver Trust by 3.3% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 11,097 shares of the exchange traded fund’s stock worth $315,000 after acquiring an additional 356 shares during the period. Columbus Macro LLC increased its stake in iShares Silver Trust by 1.8% during the 3rd quarter. Columbus Macro LLC now owns 20,462 shares of the exchange traded fund’s stock worth $588,000 after acquiring an additional 368 shares during the period. AlphaMark Advisors LLC increased its stake in iShares Silver Trust by 57.2% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 372 shares during the period. Finally, Raymond James Trust N.A. increased its stake in iShares Silver Trust by 3.1% during the 3rd quarter. Raymond James Trust N.A. now owns 12,881 shares of the exchange traded fund’s stock worth $366,000 after acquiring an additional 383 shares during the period.

iShares Silver Trust Stock Performance

Shares of SLV opened at $28.56 on Friday. iShares Silver Trust has a 52-week low of $20.07 and a 52-week high of $31.80. The business’s fifty day moving average is $28.91 and its 200-day moving average is $27.68. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.