Quantum Financial Partners LLC Acquires New Position in iShares Silver Trust $SLV

Quantum Financial Partners LLC acquired a new position in iShares Silver Trust (NYSEARCA:SLV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,130 shares of the exchange traded fund’s stock, valued at approximately $969,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SLV. Brighton Jones LLC increased its stake in iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,595 shares in the last quarter. Bison Wealth LLC bought a new stake in iShares Silver Trust during the fourth quarter valued at about $238,000. Capstone Wealth Management Group LLC purchased a new position in shares of iShares Silver Trust in the first quarter valued at about $443,000. Schnieders Capital Management LLC. lifted its position in shares of iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in shares of iShares Silver Trust in the second quarter worth about $886,000.

iShares Silver Trust Trading Up 0.9%

NYSEARCA:SLV opened at $59.06 on Thursday. iShares Silver Trust has a 12-month low of $33.85 and a 12-month high of $109.83. The stock has a 50-day moving average price of $55.70 and a 200 day moving average price of $66.64. The stock has a market capitalization of $31.54 billion, a P/E ratio of -8.51 and a beta of 0.50.

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.