Truist Financial Corp Raises Holdings in iShares Silver Trust $SLV

Truist Financial Corp grew its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 60.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 677,137 shares of the exchange traded fund’s stock after purchasing an additional 254,830 shares during the quarter. Truist Financial Corp owned approximately 0.13% of iShares Silver Trust worth $28,690,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SLV. Meitav Investment House Ltd. boosted its position in iShares Silver Trust by 5.4% during the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock worth $97,589,000 after acquiring an additional 152,600 shares during the last quarter. Raymond James Financial Inc. lifted its stake in iShares Silver Trust by 1.0% in the 2nd quarter. Raymond James Financial Inc. now owns 2,472,356 shares of the exchange traded fund’s stock worth $81,118,000 after purchasing an additional 25,584 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares Silver Trust by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock worth $85,732,000 after purchasing an additional 26,710 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Silver Trust by 27.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,372,143 shares of the exchange traded fund’s stock valued at $45,020,000 after purchasing an additional 295,575 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of iShares Silver Trust by 4.5% in the second quarter. Cetera Investment Advisers now owns 1,290,663 shares of the exchange traded fund’s stock valued at $42,347,000 after purchasing an additional 55,180 shares during the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $105.57 on Friday. The stock’s fifty day moving average is $67.69 and its two-hundred day moving average is $49.42. The firm has a market capitalization of $59.81 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a fifty-two week low of $26.57 and a fifty-two week 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.