Hopwood Nicholas Hunter acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 9,840 shares of the exchange traded fund’s stock, valued at approximately $526,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLV. Axiom Investment Management LLC bought a new stake in iShares Silver Trust in the first quarter worth $26,000. West Branch Capital LLC bought a new stake in shares of iShares Silver Trust in the 2nd quarter worth about $27,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust in the 4th quarter worth about $30,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of iShares Silver Trust during the 4th quarter worth about $32,000. Finally, Sfam LLC bought a new position in iShares Silver Trust during the 4th quarter valued at about $33,000.
iShares Silver Trust Price Performance
iShares Silver Trust stock opened at $59.82 on Friday. The firm has a market capitalization of $31.95 billion, a P/E ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a 1-year low of $36.97 and a 1-year high of $109.83. The company’s 50-day moving average is $56.04 and its 200 day moving average is $64.19.
iShares Silver Trust Company 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.
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