Corecam AG cut its position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 35.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,900 shares of the exchange traded fund’s stock after selling 56,453 shares during the period. iShares Silver Trust accounts for 6.0% of Corecam AG’s holdings, making the stock its 3rd biggest position. Corecam AG’s holdings in iShares Silver Trust were worth $7,012,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Columbus Macro LLC increased its holdings in iShares Silver Trust by 27.6% in the first quarter. Columbus Macro LLC now owns 32,113 shares of the exchange traded fund’s stock valued at $2,188,000 after buying an additional 6,952 shares in the last quarter. Falcon Wealth Planning acquired a new position in shares of iShares Silver Trust in the first quarter worth about $223,000. Artesa Financial Group LLC boosted its stake in shares of iShares Silver Trust by 77.7% during the 1st quarter. Artesa Financial Group LLC now owns 16,470 shares of the exchange traded fund’s stock worth $1,122,000 after acquiring an additional 7,202 shares in the last quarter. Meyer Handelman Co. purchased a new stake in shares of iShares Silver Trust during the 1st quarter worth about $204,000. Finally, Boston Standard Wealth Management LLC acquired a new stake in shares of iShares Silver Trust during the 1st quarter valued at about $230,000.
iShares Silver Trust Stock Up 1.1%
NYSEARCA:SLV opened at $52.36 on Friday. iShares Silver Trust has a 52 week low of $32.53 and a 52 week high of $109.83. The stock’s 50-day moving average price is $66.67 and its 200-day moving average price is $70.16. The stock has a market capitalization of $29.64 billion, a PE ratio of -8.51 and a beta of 0.45.
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.
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