Hsbc Holdings PLC Purchases Shares of 48,000 iShares Silver Trust $SLV

Hsbc Holdings PLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,000 shares of the exchange traded fund’s stock, valued at approximately $3,092,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SLV. TBH Global Asset Management LLC increased its stake in iShares Silver Trust by 1.5% in the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock worth $439,000 after buying an additional 104 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 130 shares in the last quarter. JNBA Financial Advisors lifted its position in shares of iShares Silver Trust by 1.2% in the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after acquiring an additional 132 shares in the last quarter. SouthState Bank Corp boosted its stake in shares of iShares Silver Trust by 29.6% in the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 148 shares during the period. Finally, Wolff Wiese Magana LLC boosted its stake in shares of iShares Silver Trust by 1.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock worth $651,000 after acquiring an additional 150 shares during the period.

iShares Silver Trust Stock Performance

Shares of SLV opened at $53.28 on Monday. The business’s 50 day moving average is $66.30 and its 200 day moving average is $70.17. The company has a market capitalization of $30.16 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12-month low of $32.53 and a 12-month high of $109.83.

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. 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.