Leavell Investment Management Inc. grew its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 23.7% during the 1st quarter, HoldingsChannel reports. The fund owned 85,102 shares of the exchange traded fund’s stock after purchasing an additional 16,280 shares during the quarter. Leavell Investment Management Inc.’s holdings in iShares Silver Trust were worth $2,637,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in SLV. Smallwood Wealth Investment Management LLC bought a new stake in iShares Silver Trust in the first quarter worth $25,000. Anderson Financial Strategies LLC bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $26,000. Ameriflex Group Inc. bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $30,000. Vermillion Wealth Management Inc. bought a new position in shares of iShares Silver Trust during the fourth quarter valued at $31,000. Finally, Kentucky Trust Co lifted its holdings in shares of iShares Silver Trust by 185.7% during the first quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 650 shares in the last quarter.
iShares Silver Trust Price Performance
Shares of NYSEARCA:SLV opened at $33.75 on Friday. The company has a market cap of $17.75 billion, a P/E ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a 1 year low of $24.25 and a 1 year high of $34.26. The stock’s fifty day moving average price is $31.63 and its 200-day moving average price is $29.83.
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.
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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
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