Rehmann Capital Advisory Group Purchases 12,127 Shares of iShares Silver Trust $SLV

Rehmann Capital Advisory Group boosted its holdings in iShares Silver Trust (NYSEARCA:SLV) by 49.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,421 shares of the exchange traded fund’s stock after buying an additional 12,127 shares during the quarter. Rehmann Capital Advisory Group’s holdings in iShares Silver Trust were worth $1,947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axiom Investment Management LLC acquired a new position in shares of iShares Silver Trust in the first quarter worth approximately $26,000. West Branch Capital LLC acquired a new position in shares of iShares Silver Trust during the second quarter valued at about $27,000. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust during the 4th quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management bought a new position in shares of iShares Silver Trust in the 4th quarter worth $32,000. Finally, Redwood Park Advisors LLC lifted its stake in shares of iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares in the last quarter.

iShares Silver Trust Stock Down 3.7%

Shares of NYSEARCA:SLV opened at $57.92 on Wednesday. iShares Silver Trust has a 12-month low of $36.43 and a 12-month high of $109.83. The stock has a market cap of $30.94 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. The business’s 50 day moving average is $55.60 and its 200 day moving average is $64.35.

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.