Gunpowder Capital Management LLC dba Oliver Wealth Management Invests $1.43 Million in iShares Silver Trust $SLV

Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 22,190 shares of the exchange traded fund’s stock, valued at approximately $1,429,000. iShares Silver Trust accounts for about 1.1% of Gunpowder Capital Management LLC dba Oliver Wealth Management’s holdings, making the stock its 20th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sarver Vrooman Wealth Advisors bought a new stake in iShares Silver Trust during the 4th quarter valued at $30,000. Intesa Sanpaolo Wealth Management acquired a new position in iShares Silver Trust during the 4th quarter worth $32,000. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust during the 4th quarter worth $33,000. Redwood Park Advisors LLC grew 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 worth $33,000 after purchasing an additional 266 shares in the last quarter. Finally, Sfam LLC bought a new position in shares of iShares Silver Trust in the fourth quarter worth $33,000.

iShares Silver Trust Stock Performance

Shares of SLV opened at $59.51 on Friday. The firm has a market capitalization of $33.68 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a one year low of $32.06 and a one year high of $109.83. The stock’s fifty day moving average is $67.85 and its 200-day moving average is $69.98.

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.