MGO One Seven LLC Increases Stock Holdings in iShares Silver Trust $SLV

MGO One Seven LLC lifted its stake in iShares Silver Trust (NYSEARCA:SLV) by 97.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,507 shares of the exchange traded fund’s stock after buying an additional 50,203 shares during the period. MGO One Seven LLC’s holdings in iShares Silver Trust were worth $3,330,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Silver Trust during the first quarter worth about $25,000. Highline Wealth Partners LLC purchased a new position in shares of iShares Silver Trust during the second quarter worth approximately $26,000. Trifecta Capital Advisors LLC acquired a new position in iShares Silver Trust in the first quarter valued at $31,000. Kentucky Trust Co increased its stake in iShares Silver Trust by 185.7% in the first quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 650 shares during the period. Finally, Financial Management Professionals Inc. increased its stake 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 valued at $36,000 after purchasing an additional 302 shares during the period.

iShares Silver Trust Stock Up 4.0%

Shares of SLV stock opened at $47.26 on Tuesday. The stock has a market capitalization of $25.77 billion, a PE ratio of -8.51 and a beta of 0.59. The stock’s 50-day moving average price is $38.23 and its 200 day moving average price is $33.86. iShares Silver Trust has a 52-week low of $26.19 and a 52-week high of $47.44.

iShares Silver Trust 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.