Vivaldi Capital Management LP lessened its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 10.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,271 shares of the exchange traded fund’s stock after selling 30,452 shares during the quarter. iShares Silver Trust makes up 2.4% of Vivaldi Capital Management LP’s portfolio, making the stock its 10th biggest position. Vivaldi Capital Management LP’s holdings in iShares Silver Trust were worth $17,394,000 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 bought a new position in 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 during the 4th quarter worth approximately $32,000. Sfam LLC purchased a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $33,000. Redwood Park Advisors LLC raised its position in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $34,000.
iShares Silver Trust Stock Up 1.0%
SLV opened at $52.59 on Friday. iShares Silver Trust has a 52 week low of $33.10 and a 52 week high of $109.83. The stock has a market cap of $28.09 billion, a PE ratio of -8.51 and a beta of 0.49. The business has a 50 day moving average of $59.15 and a 200-day moving average of $68.86.
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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