Empowered Funds LLC Makes New $822,000 Investment in iShares Silver Trust (NYSEARCA:SLV)

Empowered Funds LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,919 shares of the exchange traded fund’s stock, valued at approximately $822,000.

A number of other large investors also recently made changes to their positions in the stock. AlphaMark Advisors LLC boosted its stake in iShares Silver Trust by 57.2% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 372 shares during the last quarter. Spartan Fund Management Inc. bought a new position in shares of iShares Silver Trust during the third quarter worth $28,000. Triad Wealth Partners LLC acquired a new position in shares of iShares Silver Trust in the 2nd quarter valued at $29,000. Jamison Private Wealth Management Inc. bought a new stake in shares of iShares Silver Trust in the 3rd quarter valued at $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in iShares Silver Trust during the 2nd quarter worth $32,000.

iShares Silver Trust Trading Up 1.5 %

SLV stock opened at $28.47 on Friday. iShares Silver Trust has a 1-year low of $20.07 and a 1-year high of $31.80. The firm has a market cap of $13.36 billion, a PE ratio of -7.01 and a beta of 0.43. The business’s 50-day moving average price is $28.99 and its two-hundred day moving average price is $27.60.

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.