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

Empowered Funds LLC purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,919 shares of the exchange traded fund’s stock, valued at approximately $822,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meitav Investment House Ltd. bought a new position in shares of iShares Silver Trust in the second quarter valued at about $45,688,000. Cetera Investment Advisers raised its stake in shares of iShares Silver Trust by 842.7% in the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock worth $18,581,000 after acquiring an additional 730,121 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of iShares Silver Trust by 3,449.3% during 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. Caxton Associates LP acquired a new position in shares of iShares Silver Trust during the first quarter worth approximately $10,506,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of iShares Silver Trust by 89.5% during the third quarter. Janney Montgomery Scott LLC now owns 731,985 shares of the exchange traded fund’s stock valued at $20,796,000 after purchasing an additional 345,700 shares during the last quarter.

iShares Silver Trust Price Performance

SLV stock opened at $28.47 on Friday. The company has a 50 day moving average price of $28.99 and a 200 day moving average price of $27.60. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $31.80. The stock has a market capitalization of $13.36 billion, a PE 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.