WESPAC Advisors LLC Acquires 1,189 Shares of iShares Silver Trust $SLV

WESPAC Advisors LLC raised its holdings in iShares Silver Trust (NYSEARCA:SLV) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,643 shares of the exchange traded fund’s stock after acquiring an additional 1,189 shares during the period. WESPAC Advisors LLC’s holdings in iShares Silver Trust were worth $1,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLV. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Silver Trust during the second quarter worth about $162,217,000. Ameriprise Financial Inc. grew its holdings in shares of iShares Silver Trust by 127.3% during the first quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock worth $80,514,000 after purchasing an additional 1,460,084 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares Silver Trust by 13.4% during the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock worth $242,725,000 after purchasing an additional 924,353 shares during the last quarter. Carrhae Capital LLP bought a new stake in shares of iShares Silver Trust during the first quarter worth about $17,880,000. Finally, Kaydan Wealth Management Inc. bought a new stake in shares of iShares Silver Trust during the first quarter worth about $15,050,000.

iShares Silver Trust Trading Down 1.5%

NYSEARCA:SLV opened at $43.39 on Wednesday. The stock has a market cap of $24.10 billion, a P/E ratio of -8.51 and a beta of 0.59. The stock’s 50-day moving average is $37.28 and its 200-day moving average is $33.43. iShares Silver Trust has a 1-year low of $26.19 and a 1-year high of $44.26.

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.