Granite Bay Wealth Management LLC Purchases New Stake in iShares Silver Trust $SLV

Granite Bay Wealth Management LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 180,962 shares of the exchange traded fund’s stock, valued at approximately $7,667,000. iShares Silver Trust comprises 2.0% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Center for Financial Planning Inc. acquired a new stake in shares of iShares Silver Trust during the second quarter worth $25,000. Highline Wealth Partners LLC acquired a new stake in iShares Silver Trust during the second quarter worth about $26,000. Addison Advisors LLC acquired a new stake in iShares Silver Trust during the second quarter worth about $31,000. Financial Management Professionals Inc. lifted its holdings in iShares Silver Trust by 37.6% in the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 302 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in iShares Silver Trust in the second quarter valued at approximately $38,000.

iShares Silver Trust Trading Up 0.6%

NYSEARCA:SLV opened at $65.22 on Thursday. The stock has a 50 day moving average of $49.77 and a 200-day moving average of $41.11. The firm has a market capitalization of $35.14 billion, a PE ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 52 week low of $26.22 and a 52 week high of $65.53.

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.