iShares Silver Trust $SLV Shares Newly Bought by Point Nemo Capital LLC

Point Nemo Capital LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 141,720 shares of the exchange traded fund’s stock, valued at approximately $7,725,000. iShares Silver Trust accounts for about 3.6% of Point Nemo Capital LLC’s portfolio, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. 180 Wealth Advisors LLC increased its position in shares of iShares Silver Trust by 8.0% during the 3rd quarter. 180 Wealth Advisors LLC now owns 8,757 shares of the exchange traded fund’s stock valued at $477,000 after purchasing an additional 649 shares during the last quarter. Axiom Investment Management LLC raised its holdings in shares of iShares Silver Trust by 200.0% during the 3rd quarter. Axiom Investment Management LLC now owns 1,125 shares of the exchange traded fund’s stock valued at $61,000 after buying an additional 750 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new stake in iShares Silver Trust in the 3rd quarter worth approximately $202,000. Parallel Advisors LLC lifted its position in iShares Silver Trust by 196.3% in the 3rd quarter. Parallel Advisors LLC now owns 91,787 shares of the exchange traded fund’s stock worth $5,003,000 after buying an additional 60,806 shares during the last quarter. Finally, S&A Financial Services Inc. bought a new stake in iShares Silver Trust in the 3rd quarter worth approximately $219,000.

iShares Silver Trust Price Performance

Shares of SLV opened at $46.87 on Friday. The firm has a market cap of $25.23 billion, a P/E ratio of -8.51 and a beta of 0.53. The stock has a 50 day simple moving average of $54.22 and a two-hundred day simple moving average of $63.47. iShares Silver Trust has a 1 year low of $43.51 and a 1 year 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.