CORDA Investment Management LLC. bought a new position in iShares Silver Trust (NYSEARCA:SLV – Free Report) during the first quarter, HoldingsChannel.com reports. The fund bought 16,259 shares of the exchange traded fund’s stock, valued at approximately $1,108,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust in the 4th quarter worth about $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in iShares Silver Trust during the 4th quarter valued at about $32,000. Sfam LLC purchased a new stake in iShares Silver Trust during the 4th quarter valued at about $33,000. Rialto Wealth Management LLC bought a new stake in iShares Silver Trust during the 4th quarter valued at about $33,000. Finally, Redwood Park Advisors LLC increased its stake in iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares in the last quarter.
iShares Silver Trust Stock Performance
Shares of iShares Silver Trust stock opened at $53.95 on Monday. The company has a 50-day simple moving average of $63.28 and a two-hundred day simple moving average of $69.87. The stock has a market capitalization of $28.81 billion, a PE ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 52-week low of $33.10 and a 52-week high of $109.83.
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.
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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
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