1832 Asset Management L.P. Makes New Investment in iShares Silver Trust $SLV

1832 Asset Management L.P. acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the second quarter, Holdings Channel.com reports. The firm acquired 812,052 shares of the exchange traded fund’s stock, valued at approximately $26,643,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Center for Financial Planning Inc. bought a new position in iShares Silver Trust during the 2nd quarter valued at about $25,000. Highline Wealth Partners LLC purchased a new position in shares of iShares Silver Trust during the second quarter valued at approximately $26,000. Addison Advisors LLC bought a new position in shares of iShares Silver Trust during the second quarter valued at approximately $31,000. Financial Management Professionals Inc. grew its stake in shares of iShares Silver Trust by 37.6% during the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 302 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of iShares Silver Trust in the second quarter worth approximately $38,000.

iShares Silver Trust Stock Down 2.5%

SLV opened at $51.76 on Friday. The business has a fifty day moving average of $45.78 and a 200 day moving average of $38.34. iShares Silver Trust has a 52-week low of $26.19 and a 52-week high of $53.39. The stock has a market cap of $27.89 billion, a P/E ratio of -8.51 and a beta of 0.38.

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.