Terra Nova Asset Management LLC Invests $1.56 Million in iShares Silver Trust $SLV

Terra Nova Asset Management LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,970 shares of the exchange traded fund’s stock, valued at approximately $1,565,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust in the 4th quarter valued at about $30,000. Intesa Sanpaolo Wealth Management acquired a new position in iShares Silver Trust during the 4th quarter valued at about $32,000. Sfam LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter worth about $33,000. Rialto Wealth Management LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter worth about $33,000. Finally, Redwood Park Advisors LLC lifted its stake in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $59.51 on Monday. The company has a 50 day moving average of $67.85 and a 200-day moving average of $70.11. The firm has a market cap of $33.68 billion, a P/E ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a twelve month low of $32.06 and a twelve month high of $109.83.

iShares Silver Trust Company 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.