Moulton Wealth Management Inc. Acquires New Stake in iShares Silver Trust $SLV

Moulton Wealth Management Inc. bought a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 45,618 shares of the exchange traded fund’s stock, valued at approximately $1,933,000. iShares Silver Trust accounts for approximately 1.4% of Moulton Wealth Management Inc.’s portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Silver Trust in the second quarter valued at about $162,217,000. Ameriprise Financial Inc. raised its position in iShares Silver Trust by 127.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after buying an additional 1,460,084 shares during the last quarter. GLOBALT Investments LLC GA bought a new stake in iShares Silver Trust in the 2nd quarter valued at approximately $29,459,000. Guggenheim Capital LLC lifted its stake in iShares Silver Trust by 1,557.6% in the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock valued at $30,006,000 after acquiring an additional 859,355 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in iShares Silver Trust during the 2nd quarter worth approximately $26,643,000.

iShares Silver Trust Stock Up 4.4%

Shares of SLV opened at $60.26 on Thursday. iShares Silver Trust has a twelve month low of $26.19 and a twelve month high of $60.64. The stock has a market capitalization of $32.47 billion, a P/E ratio of -8.51 and a beta of 0.38. The company has a 50 day moving average of $48.16 and a 200-day moving average of $40.04.

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.