Lansing Street Advisors Takes Position in iShares Silver Trust $SLV

Lansing Street Advisors purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, HoldingsChannel reports. The firm purchased 24,247 shares of the exchange traded fund’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Clear Harbor Asset Management LLC lifted its stake in iShares Silver Trust by 1.0% during the second quarter. Clear Harbor Asset Management LLC now owns 29,760 shares of the exchange traded fund’s stock worth $976,000 after purchasing an additional 300 shares during the period. Financial Management Professionals Inc. lifted its stake in iShares Silver Trust by 37.6% during the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 302 shares during the period. Revisor Wealth Management LLC lifted its stake in iShares Silver Trust by 1.7% during the second quarter. Revisor Wealth Management LLC now owns 18,013 shares of the exchange traded fund’s stock worth $608,000 after purchasing an additional 306 shares during the period. Kiley Juergens Wealth Management LLC lifted its stake in iShares Silver Trust by 1.9% during the first quarter. Kiley Juergens Wealth Management LLC now owns 19,193 shares of the exchange traded fund’s stock worth $595,000 after purchasing an additional 360 shares during the period. Finally, Whittier Trust Co. lifted its stake in iShares Silver Trust by 1.2% during the first quarter. Whittier Trust Co. now owns 30,045 shares of the exchange traded fund’s stock worth $931,000 after purchasing an additional 361 shares during the period.

iShares Silver Trust Stock Down 1.5%

Shares of SLV opened at $43.39 on Wednesday. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a 12 month low of $26.19 and a 12 month high of $44.26. The company has a 50-day moving average price of $37.28 and a two-hundred day moving average price of $33.43.

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.