Mizuho Markets Cayman LP Purchases New Stake in iShares Silver Trust $SLV

Mizuho Markets Cayman LP acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,433 shares of the exchange traded fund’s stock, valued at approximately $2,006,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Alpha Financial Partners LLC raised its stake in shares of iShares Silver Trust by 9.2% in the 1st quarter. Alpha Financial Partners LLC now owns 7,120 shares of the exchange traded fund’s stock valued at $485,000 after purchasing an additional 600 shares in the last quarter. Petra Financial Advisors Inc. grew its stake in iShares Silver Trust by 24.4% in the first quarter. Petra Financial Advisors Inc. now owns 4,712 shares of the exchange traded fund’s stock worth $321,000 after purchasing an additional 925 shares in the last quarter. Marin Bay Wealth Advisors LLC acquired a new position in iShares Silver Trust in the first quarter worth about $255,000. PNC Financial Services Group Inc. grew its stake in iShares Silver Trust by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 361,349 shares of the exchange traded fund’s stock worth $24,622,000 after purchasing an additional 13,741 shares in the last quarter. Finally, Glenview Trust Co bought a new stake in iShares Silver Trust in the first quarter valued at about $254,000.

iShares Silver Trust Stock Up 1.6%

Shares of iShares Silver Trust stock opened at $53.92 on Thursday. The business has a 50-day moving average price of $59.95 and a 200 day moving average price of $69.07. iShares Silver Trust has a fifty-two week low of $33.10 and a fifty-two week high of $109.83. The firm has a market cap of $28.80 billion, a P/E ratio of -8.51 and a beta of 0.49.

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.