PFG Investments LLC Has $3.45 Million Stake in iShares Silver Trust $SLV

PFG Investments LLC lowered its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 17.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,681 shares of the exchange traded fund’s stock after selling 10,503 shares during the period. PFG Investments LLC’s holdings in iShares Silver Trust were worth $3,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $30,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of iShares Silver Trust in the fourth quarter valued at about $32,000. Rialto Wealth Management LLC bought a new position in iShares Silver Trust during the fourth quarter worth about $33,000. Sfam LLC bought a new position in iShares Silver Trust during the fourth quarter worth about $33,000. Finally, Redwood Park Advisors LLC increased its position in iShares Silver Trust by 106.4% during the fourth 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 Price Performance

Shares of iShares Silver Trust stock opened at $55.02 on Friday. The stock has a market capitalization of $29.39 billion, a price-to-earnings ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a twelve month low of $32.96 and a twelve month high of $109.83. The company has a 50-day simple moving average of $64.58 and a two-hundred day simple moving average of $69.99.

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. 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.