Praxis Capital Management LLC Has $1.76 Million Stake in iShares Silver Trust $SLV

Praxis Capital Management LLC increased its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 100.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,000 shares of the exchange traded fund’s stock after acquiring an additional 16,500 shares during the quarter. iShares Silver Trust comprises about 2.8% of Praxis Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Praxis Capital Management LLC’s holdings in iShares Silver Trust were worth $1,765,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Quantum Financial Partners LLC acquired a new stake in iShares Silver Trust in the second quarter worth about $969,000. Triumph Capital Management lifted its position in iShares Silver Trust by 54.1% during the 2nd quarter. Triumph Capital Management now owns 1,139 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 400 shares during the period. Merit Financial Group LLC lifted its position in iShares Silver Trust by 7.7% during the 2nd quarter. Merit Financial Group LLC now owns 57,468 shares of the exchange traded fund’s stock valued at $3,073,000 after purchasing an additional 4,132 shares during the period. Family CFO Inc bought a new position in shares of iShares Silver Trust in the 2nd quarter valued at about $224,000. Finally, Thomasville National Bank bought a new position in shares of iShares Silver Trust in the 2nd quarter valued at about $493,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $58.16 on Friday. The stock has a market cap of $31.06 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. The company has a 50 day moving average of $55.52 and a 200-day moving average of $66.40. iShares Silver Trust has a one year low of $33.85 and a one year high of $109.83.

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.