Optima Capital LLC Invests $849,000 in iShares Silver Trust $SLV

Optima Capital LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 20,041 shares of the exchange traded fund’s stock, valued at approximately $849,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLV. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Silver Trust in the 2nd quarter valued at about $162,217,000. Meitav Investment House Ltd. boosted its stake in iShares Silver Trust by 5.4% in the second quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock valued at $97,589,000 after acquiring an additional 152,600 shares during the last quarter. Raymond James Financial Inc. grew its holdings in iShares Silver Trust by 1.0% during the 2nd quarter. Raymond James Financial Inc. now owns 2,472,356 shares of the exchange traded fund’s stock worth $81,118,000 after acquiring an additional 25,584 shares during the period. Commonwealth Equity Services LLC raised its position in shares of iShares Silver Trust by 1.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,023,406 shares of the exchange traded fund’s stock valued at $85,732,000 after acquiring an additional 26,710 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of iShares Silver Trust by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,372,143 shares of the exchange traded fund’s stock valued at $45,020,000 after purchasing an additional 295,575 shares during the period.

iShares Silver Trust Stock Up 1.8%

NYSEARCA:SLV opened at $78.60 on Wednesday. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $80.80. The stock’s fifty day simple moving average is $56.86 and its 200-day simple moving average is $44.79. The firm has a market capitalization of $45.20 billion, a P/E ratio of -8.51 and a beta of 0.38.

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. 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.