Retirement Capital Strategies acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 95,261 shares of the exchange traded fund’s stock, valued at approximately $6,137,000. iShares Silver Trust makes up 2.3% of Retirement Capital Strategies’ investment portfolio, making the stock its 13th biggest position.
Several other institutional investors and hedge funds also recently modified their holdings of SLV. Sarver Vrooman Wealth Advisors acquired a new position in shares of iShares Silver Trust during the fourth quarter worth about $30,000. Intesa Sanpaolo Wealth Management acquired a new position in iShares Silver Trust during the fourth quarter valued at approximately $32,000. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust during the fourth quarter valued at approximately $33,000. Sfam LLC acquired a new position in iShares Silver Trust during the fourth quarter valued at approximately $33,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in iShares Silver Trust during the fourth quarter valued at approximately $34,000.
iShares Silver Trust Stock Performance
Shares of NYSEARCA SLV opened at $61.29 on Monday. The stock has a 50 day moving average price of $68.35 and a 200 day moving average price of $69.69. iShares Silver Trust has a 52 week low of $32.06 and a 52 week high of $109.83. The stock has a market capitalization of $34.69 billion, a PE ratio of -8.51 and a beta of 0.45.
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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