Tudor Financial Inc. Grows Stake in iShares Silver Trust $SLV

Tudor Financial Inc. grew its position in iShares Silver Trust (NYSEARCA:SLV) by 265.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,928 shares of the exchange traded fund’s stock after acquiring an additional 17,387 shares during the quarter. Tudor Financial Inc.’s holdings in iShares Silver Trust were worth $1,279,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of iShares Silver Trust in the fourth quarter worth about $238,000. Capstone Wealth Management Group LLC acquired a new position in iShares Silver Trust during the first quarter worth about $443,000. Schnieders Capital Management LLC. boosted its position in iShares Silver Trust by 15.0% during the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after acquiring an additional 1,300 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in iShares Silver Trust during the 2nd quarter valued at about $886,000.

iShares Silver Trust Trading Up 2.5%

SLV stock opened at $60.55 on Friday. The firm has a 50-day moving average of $55.91 and a two-hundred day moving average of $64.22. iShares Silver Trust has a 12 month low of $36.63 and a 12 month high of $109.83. The company has a market cap of $32.34 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53.

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.