WNY Asset Management LLC Takes $2.34 Million Position in iShares Silver Trust $SLV

WNY Asset Management LLC bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,285 shares of the exchange traded fund’s stock, valued at approximately $2,336,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of iShares Silver Trust during the 4th quarter valued at $32,000. Sfam LLC bought a new position in iShares Silver Trust during the fourth quarter worth $33,000. Redwood Park Advisors LLC boosted its stake in iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new position in iShares Silver Trust during the fourth quarter worth $34,000.

iShares Silver Trust Trading Down 2.1%

NYSEARCA:SLV opened at $52.36 on Friday. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83. The stock has a market capitalization of $27.97 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49. The firm has a fifty day simple moving average of $57.53 and a two-hundred day simple moving average of $68.20.

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. 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.