Corecam AG lowered its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 35.4% during the first quarter, Holdings Channel.com reports. The fund owned 102,900 shares of the exchange traded fund’s stock after selling 56,453 shares during the quarter. iShares Silver Trust comprises 6.0% of Corecam AG’s investment portfolio, making the stock its 3rd biggest position. Corecam AG’s holdings in iShares Silver Trust were worth $7,012,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust during the fourth quarter worth $30,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $32,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $33,000. Sfam LLC purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth about $33,000. Finally, Redwood Park Advisors LLC increased its stake in shares of iShares Silver Trust by 106.4% during 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.
iShares Silver Trust Stock Up 1.1%
SLV opened at $52.36 on Friday. iShares Silver Trust has a twelve month low of $32.53 and a twelve month high of $109.83. The company has a 50-day moving average price of $66.67 and a 200 day moving average price of $70.16. The company has a market cap of $29.64 billion, a PE ratio of -8.51 and a beta of 0.45.
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.
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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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