Granite Bay Wealth Management LLC Acquires Shares of 66,000 iShares Silver Trust (NYSEARCA:SLV)

Granite Bay Wealth Management LLC bought a new position in iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,000 shares of the exchange traded fund’s stock, valued at approximately $1,728,000.

A number of other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC boosted its stake in iShares Silver Trust by 5.9% during the 4th quarter. Corient Private Wealth LLC now owns 52,038 shares of the exchange traded fund’s stock valued at $1,133,000 after purchasing an additional 2,894 shares during the last quarter. Bank of Nova Scotia raised its position in iShares Silver Trust by 474.0% in the 4th quarter. Bank of Nova Scotia now owns 113,140 shares of the exchange traded fund’s stock worth $2,473,000 after buying an additional 93,430 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in iShares Silver Trust by 38.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 69,019 shares of the exchange traded fund’s stock valued at $1,503,000 after acquiring an additional 19,255 shares during the period. ROI Financial Advisors LLC purchased a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $338,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of iShares Silver Trust by 11.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 147,247 shares of the exchange traded fund’s stock worth $3,207,000 after acquiring an additional 15,442 shares during the period.

iShares Silver Trust Stock Down 1.6 %

Shares of iShares Silver Trust stock opened at $28.41 on Tuesday. iShares Silver Trust has a twelve month low of $18.97 and a twelve month high of $29.56. The company’s 50 day moving average is $26.60 and its 200 day moving average is $26.31. The company has a market cap of $13.33 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

About iShares Silver Trust

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.