Hsbc Holdings PLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 48,000 shares of the exchange traded fund’s stock, valued at approximately $3,092,000.
A number of other institutional investors also recently made changes to their positions in SLV. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management acquired a new stake in iShares Silver Trust in the fourth quarter valued at $32,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at $33,000. Redwood Park Advisors LLC boosted its stake in iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 266 shares during the last quarter. Finally, Sfam LLC bought a new position in iShares Silver Trust during the 4th quarter valued at $33,000.
iShares Silver Trust Price Performance
Shares of SLV stock opened at $53.95 on Friday. The firm has a market cap of $28.81 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 1-year low of $33.10 and a 1-year high of $109.83. The firm has a fifty day moving average of $63.28 and a two-hundred day moving average of $69.82.
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.
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