iShares Silver Trust $SLV Stock Acquired by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC raised its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 56.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,945 shares of the exchange traded fund’s stock after acquiring an additional 29,569 shares during the period. iShares Silver Trust comprises approximately 2.1% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Lake Hills Wealth Management LLC’s holdings in iShares Silver Trust were worth $4,467,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of iShares Silver Trust in the first quarter worth about $2,762,000. Concurrent Investment Advisors LLC grew its position in iShares Silver Trust by 32.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 102,777 shares of the exchange traded fund’s stock worth $5,495,000 after acquiring an additional 25,431 shares during the last quarter. Renaissance Technologies LLC purchased a new position in iShares Silver Trust in the 1st quarter worth approximately $7,437,000. Tudor Financial Inc. increased its stake in iShares Silver Trust by 265.8% in the 2nd quarter. Tudor Financial Inc. now owns 23,928 shares of the exchange traded fund’s stock worth $1,279,000 after purchasing an additional 17,387 shares during the period. Finally, Highland Investment Advisors LLC bought a new stake in iShares Silver Trust in the second quarter valued at approximately $746,000.

iShares Silver Trust Trading Down 2.4%

Shares of NYSEARCA:SLV traded down $1.34 during trading on Wednesday, reaching $54.11. 14,122,339 shares of the company traded hands, compared to its average volume of 45,634,656. iShares Silver Trust has a 52-week low of $41.70 and a 52-week high of $109.83. The firm has a market capitalization of $29.12 billion, a price-to-earnings ratio of -8.51 and a beta of 0.51. The business’s fifty day moving average is $58.00 and its 200-day moving average is $61.30.

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.