Focus Partners Wealth grew its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 480.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 744,124 shares of the exchange traded fund’s stock after purchasing an additional 615,902 shares during the period. Focus Partners Wealth’s holdings in iShares Silver Trust were worth $47,936,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust in the fourth quarter worth about $30,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of iShares Silver Trust in the fourth quarter worth about $32,000. Rialto Wealth Management LLC purchased a new position in shares of iShares Silver Trust in the fourth quarter worth about $33,000. Sfam LLC purchased a new position in shares of iShares Silver Trust in the fourth quarter worth about $33,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of iShares Silver Trust in the fourth quarter worth about $34,000.
iShares Silver Trust Trading Up 3.6%
SLV opened at $63.47 on Tuesday. The company has a market cap of $35.92 billion, a P/E ratio of -8.51 and a beta of 0.45. The business’s 50-day moving average price is $68.30 and its 200-day moving average price is $69.81. iShares Silver Trust has a 12 month low of $32.06 and a 12 month high of $109.83.
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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