Verus Capital Partners LLC decreased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 51.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,995 shares of the exchange traded fund’s stock after selling 19,190 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares Silver Trust were worth $1,226,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in SLV. Sarver Vrooman Wealth Advisors bought a new position in shares of iShares Silver Trust in the fourth quarter valued at about $30,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of iShares Silver Trust during the 4th quarter worth about $32,000. Redwood Park Advisors LLC boosted its holdings in shares of iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 266 shares during the period. Sfam LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter worth about $33,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in iShares Silver Trust in the 4th quarter valued at about $34,000.
iShares Silver Trust Stock Performance
Shares of SLV opened at $52.36 on Friday. The firm has a market cap of $27.97 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 52 week low of $33.10 and a 52 week high of $109.83. The firm’s 50-day simple moving average is $57.53 and its 200 day simple moving average is $68.20.
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.
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