Oak Family Advisors LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,150 shares of the exchange traded fund’s stock, valued at approximately $202,000.
A number of other hedge funds have also made changes to their positions in SLV. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Silver Trust in the 1st quarter valued at $25,000. Highline Wealth Partners LLC purchased a new stake in iShares Silver Trust during the 2nd quarter worth $26,000. Kentucky Trust Co increased its stake in iShares Silver Trust by 185.7% during the 1st quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 650 shares during the period. Trifecta Capital Advisors LLC purchased a new stake in iShares Silver Trust during the 1st quarter worth $31,000. Finally, Financial Management Professionals Inc. increased its stake in iShares Silver Trust by 37.6% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 302 shares during the period.
iShares Silver Trust Price Performance
iShares Silver Trust stock opened at $42.50 on Tuesday. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $42.75. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. The firm’s fifty day moving average price is $36.32 and its 200 day moving average price is $32.92.
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.
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