Mainsail Asset Management LLC Invests $399,000 in iShares Silver Trust (NYSEARCA:SLV)

Mainsail Asset Management LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,000 shares of the exchange traded fund’s stock, valued at approximately $399,000.

Several other institutional investors have also recently bought and sold shares of the stock. AlphaMark Advisors LLC raised its position in shares of iShares Silver Trust by 57.2% during the second 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. Triad Wealth Partners LLC bought a new stake in iShares Silver Trust during the 2nd quarter worth about $29,000. Transcendent Capital Group LLC bought a new position in shares of iShares Silver Trust in the 4th quarter valued at about $26,000. West Oak Capital LLC raised its stake in shares of iShares Silver Trust by 102.3% during the second quarter. West Oak Capital LLC now owns 1,295 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 655 shares during the last quarter. Finally, Atwood & Palmer Inc. acquired a new position in iShares Silver Trust in the second quarter valued at approximately $38,000.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $28.02 on Friday. The firm has a fifty day moving average of $26.46 and a two-hundred day moving average of $25.74. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52 week low of $18.97 and a 52 week high of $29.56.

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.