Compass Financial Management LLC Invests $729,000 in iShares Silver Trust $SLV

Compass Financial Management LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,602 shares of the exchange traded fund’s stock, valued at approximately $729,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneva Partners LLC bought a new stake in iShares Silver Trust during the 2nd quarter valued at about $216,000. Trust Co. of Vermont bought a new position in iShares Silver Trust in the 2nd quarter worth about $670,000. Clearstead Trust LLC bought a new position in iShares Silver Trust in the 2nd quarter worth about $42,000. Platform Technology Partners increased its position in shares of iShares Silver Trust by 48.9% during the second quarter. Platform Technology Partners now owns 7,921 shares of the exchange traded fund’s stock worth $424,000 after acquiring an additional 2,600 shares during the period. Finally, MBE Wealth Management LLC increased its position in shares of iShares Silver Trust by 3.2% during the second quarter. MBE Wealth Management LLC now owns 8,866 shares of the exchange traded fund’s stock worth $474,000 after acquiring an additional 278 shares during the period.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $62.72 on Monday. The company has a 50 day moving average price of $55.48 and a 200-day moving average price of $65.00. iShares Silver Trust has a fifty-two week low of $34.40 and a fifty-two week high of $109.83. The company has a market capitalization of $33.50 billion, a PE ratio of -8.51 and a beta of 0.50.

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.