iShares Silver Trust (NYSEARCA:SLV) Stock Holdings Lifted by Cadence Wealth Management LLC

Cadence Wealth Management LLC lifted its position in iShares Silver Trust (NYSEARCA:SLV) by 26.2% in the 3rd quarter, Holdings Channel reports. The fund owned 760,065 shares of the exchange traded fund’s stock after buying an additional 158,016 shares during the period. iShares Silver Trust makes up approximately 17.6% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Cadence Wealth Management LLC’s holdings in iShares Silver Trust were worth $21,593,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SLV. NWI Management LP raised its position in iShares Silver Trust by 10,526.6% during the first quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock valued at $120,878,000 after acquiring an additional 5,263,305 shares in the last quarter. Meitav Investment House Ltd. bought a new position in shares of iShares Silver Trust during the 2nd quarter valued at $45,688,000. Cetera Investment Advisers lifted its stake in shares of iShares Silver Trust by 842.7% in the 1st quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock valued at $18,581,000 after purchasing an additional 730,121 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in iShares Silver Trust by 3,449.3% in the third quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock worth $15,336,000 after purchasing an additional 524,609 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in iShares Silver Trust during the first quarter worth $10,506,000.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $27.81 on Friday. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $31.80. The stock’s 50-day moving average is $28.78 and its two-hundred day moving average is $27.42. The firm has a market cap of $13.05 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.