Sugar Maple Asset Management LLC Has $2.86 Million Position in iShares Silver Trust (NYSEARCA:SLV)

Sugar Maple Asset Management LLC boosted its holdings in iShares Silver Trust (NYSEARCA:SLV) by 50.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,214 shares of the exchange traded fund’s stock after acquiring an additional 30,750 shares during the quarter. iShares Silver Trust accounts for about 2.2% of Sugar Maple Asset Management LLC’s investment portfolio, making the stock its 15th biggest position. Sugar Maple Asset Management LLC’s holdings in iShares Silver Trust were worth $2,858,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SLV. Raymond James Financial Inc. bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $57,303,000. Toronto Dominion Bank lifted its position in shares of iShares Silver Trust by 89.2% during the 4th quarter. Toronto Dominion Bank now owns 4,321,293 shares of the exchange traded fund’s stock worth $122,646,000 after buying an additional 2,037,487 shares during the period. Proficio Capital Partners LLC boosted its stake in iShares Silver Trust by 715.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after buying an additional 1,858,658 shares in the last quarter. Bank of Nova Scotia boosted its stake in iShares Silver Trust by 560.6% in the 4th quarter. Bank of Nova Scotia now owns 1,180,797 shares of the exchange traded fund’s stock valued at $31,090,000 after buying an additional 1,002,050 shares in the last quarter. Finally, Vivaldi Capital Management LP bought a new stake in iShares Silver Trust in the fourth quarter valued at $12,078,000.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $31.34 on Thursday. The firm has a market capitalization of $15.85 billion, a P/E ratio of -8.51 and a beta of 0.56. The stock has a fifty day moving average price of $29.63 and a two-hundred day moving average price of $28.91. iShares Silver Trust has a 52-week low of $24.25 and a 52-week high of $32.51.

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.