Avalon Capital Management Buys 39,398 Shares of iShares Silver Trust $SLV

Avalon Capital Management raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 84.3% in the 4th quarter, HoldingsChannel reports. The firm owned 86,141 shares of the exchange traded fund’s stock after acquiring an additional 39,398 shares during the quarter. iShares Silver Trust makes up 1.3% of Avalon Capital Management’s portfolio, making the stock its 21st biggest position. Avalon Capital Management’s holdings in iShares Silver Trust were worth $5,549,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vantage Financial Partners LLC bought a new stake in shares of iShares Silver Trust during the third quarter worth about $489,000. D.B. Root & Company LLC bought a new stake in shares of iShares Silver Trust during the third quarter worth about $370,000. Envestnet Asset Management Inc. increased its position in shares of iShares Silver Trust by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after acquiring an additional 273,913 shares in the last quarter. Ameliora Wealth Management Ltd. increased its position in shares of iShares Silver Trust by 15.4% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after acquiring an additional 11,563 shares in the last quarter. Finally, WESCAP Management Group Inc. increased its position in shares of iShares Silver Trust by 6.1% during the third quarter. WESCAP Management Group Inc. now owns 205,030 shares of the exchange traded fund’s stock worth $8,687,000 after acquiring an additional 11,875 shares in the last quarter.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $66.21 on Thursday. The firm has a 50-day moving average of $68.81 and a 200-day moving average of $68.93. The company has a market cap of $37.47 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a one year low of $31.23 and a one year high of $109.83.

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. 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.