MTM Investment Management LLC bought a new position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,500 shares of the exchange traded fund’s stock, valued at approximately $148,000.
Other hedge funds also recently added to or reduced their stakes in the company. Apella Capital LLC purchased a new stake in iShares Silver Trust in the second quarter valued at $291,000. Deutsche Bank AG acquired a new stake in shares of iShares Silver Trust during the first quarter worth about $87,000. OneAscent Financial Services LLC lifted its holdings in shares of iShares Silver Trust by 5.1% in the 1st quarter. OneAscent Financial Services LLC now owns 10,310 shares of the exchange traded fund’s stock valued at $317,000 after purchasing an additional 497 shares during the last quarter. Welch Group LLC grew its stake in iShares Silver Trust by 20.8% during the 2nd quarter. Welch Group LLC now owns 26,043 shares of the exchange traded fund’s stock worth $854,000 after buying an additional 4,476 shares during the last quarter. Finally, Intellus Advisors LLC grew its stake in iShares Silver Trust by 15.0% during the 1st quarter. Intellus Advisors LLC now owns 46,644 shares of the exchange traded fund’s stock worth $1,445,000 after buying an additional 6,100 shares during the last quarter.
iShares Silver Trust Trading Down 3.1%
Shares of NYSEARCA SLV opened at $45.96 on Friday. The stock has a market cap of $24.76 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a twelve month low of $26.19 and a twelve month high of $49.25. The stock has a 50 day moving average of $42.99 and a two-hundred day moving average of $36.53.
About iShares Silver Trust
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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