Morton Capital Management LLC CA acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) during the second quarter, Holdings Channel reports. The firm acquired 11,306 shares of the exchange traded fund’s stock, valued at approximately $371,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Smallwood Wealth Investment Management LLC acquired a new position in shares of iShares Silver Trust in the 1st quarter worth approximately $25,000. Highline Wealth Partners LLC acquired a new position in shares of iShares Silver Trust in the 2nd quarter worth approximately $26,000. Trifecta Capital Advisors LLC acquired a new position in shares of iShares Silver Trust in the 1st quarter worth approximately $31,000. Kentucky Trust Co boosted its holdings in shares of iShares Silver Trust by 185.7% in the 1st quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 650 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of iShares Silver Trust by 37.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 302 shares in the last quarter.
iShares Silver Trust Price Performance
Shares of SLV opened at $43.39 on Wednesday. The company has a market capitalization of $24.10 billion, a P/E ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a one year low of $26.19 and a one year high of $44.26. The business’s 50 day simple moving average is $37.28 and its 200-day simple moving average is $33.43.
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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