Park Avenue Securities LLC raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,650 shares of the exchange traded fund’s stock after purchasing an additional 3,041 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Silver Trust were worth $788,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in iShares Silver Trust during the 4th quarter valued at $26,000. VisionPoint Advisory Group LLC purchased a new stake in shares of iShares Silver Trust in the 3rd quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter worth about $34,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of iShares Silver Trust in the 4th quarter worth about $34,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter worth about $38,000.
iShares Silver Trust Price Performance
NYSEARCA:SLV opened at $26.30 on Thursday. The firm’s 50-day moving average price is $26.63 and its 200-day moving average price is $23.62. The company has a market capitalization of $12.34 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 1-year low of $18.97 and a 1-year high of $29.56.
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.
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