HUB Investment Partners LLC Acquires New Position in iShares Silver Trust $SLV

HUB Investment Partners LLC purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, Holdings Channel reports. The fund purchased 30,711 shares of the exchange traded fund’s stock, valued at approximately $1,301,000.

Several other large investors have also bought and sold shares of SLV. Nexus Investment Management ULC lifted its position in shares of iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 250 shares during the period. Raleigh Capital Management Inc. purchased a new stake in shares of iShares Silver Trust during the 3rd quarter valued at approximately $32,000. Hopwood Financial Services Inc. purchased a new stake in shares of iShares Silver Trust during the third quarter worth $38,000. Addison Advisors LLC purchased a new position in iShares Silver Trust during the second quarter valued at approximately $31,000. Finally, ORG Partners LLC increased its holdings in shares of iShares Silver Trust by 38.9% in the third quarter. ORG Partners LLC now owns 1,125 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 315 shares during the period.

iShares Silver Trust Trading Up 2.2%

SLV stock opened at $75.94 on Friday. The company’s 50 day moving average is $77.54 and its 200 day moving average is $56.85. The stock has a market cap of $41.80 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1-year low of $26.57 and a 1-year high of $109.83.

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. 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.