Sovereign Financial Group Inc. Increases Position in iShares Silver Trust $SLV

Sovereign Financial Group Inc. lifted its position in iShares Silver Trust (NYSEARCA:SLV) by 7.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,018 shares of the exchange traded fund’s stock after purchasing an additional 1,110 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Silver Trust were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in iShares Silver Trust in the 1st quarter valued at $25,000. Highline Wealth Partners LLC bought a new stake in iShares Silver Trust in the 2nd quarter valued at $26,000. Kentucky Trust Co increased its holdings in iShares Silver Trust by 185.7% in the 1st quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 650 shares during the last quarter. Trifecta Capital Advisors LLC bought a new stake in iShares Silver Trust in the 1st quarter valued at $31,000. Finally, Financial Management Professionals Inc. increased its holdings in iShares Silver Trust by 37.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 302 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $45.43 on Monday. The company has a market cap of $24.78 billion, a P/E ratio of -8.51 and a beta of 0.59. The firm’s fifty day moving average is $37.97 and its two-hundred day moving average is $33.75. iShares Silver Trust has a 52-week low of $26.19 and a 52-week high of $46.35.

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.