Avalon Capital Management Has $5.55 Million Stock Position in iShares Silver Trust $SLV

Avalon Capital Management raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 84.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,141 shares of the exchange traded fund’s stock after buying an additional 39,398 shares during the period. iShares Silver Trust accounts for 1.3% of Avalon Capital Management’s holdings, making the stock its 21st largest holding. Avalon Capital Management’s holdings in iShares Silver Trust were worth $5,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of SLV. Teacher Retirement System of Texas lifted its holdings in shares of iShares Silver Trust by 259.9% during the fourth quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock worth $90,188,000 after purchasing an additional 1,011,000 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of iShares Silver Trust by 1,691.5% during the third quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock worth $40,681,000 after purchasing an additional 906,747 shares during the period. Mainstay Capital Management LLC ADV lifted its holdings in shares of iShares Silver Trust by 478.6% during the third quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock worth $42,365,000 after purchasing an additional 827,089 shares during the period. Briaud Financial Planning Inc lifted its holdings in shares of iShares Silver Trust by 5,493.2% during the third quarter. Briaud Financial Planning Inc now owns 621,064 shares of the exchange traded fund’s stock worth $26,314,000 after purchasing an additional 609,960 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares Silver Trust by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after purchasing an additional 573,660 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $66.21 on Thursday. The firm has a market cap of $37.47 billion, a PE ratio of -8.51 and a beta of 0.45. The firm’s fifty day moving average is $68.81 and its 200-day moving average is $68.93. iShares Silver Trust has a 52 week low of $31.23 and a 52 week high of $109.83.

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.