Renaissance Technologies LLC Takes $7.44 Million Position in iShares Silver Trust $SLV

Renaissance Technologies LLC bought a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 1st quarter, Holdings Channel.com reports. The fund bought 109,138 shares of the exchange traded fund’s stock, valued at approximately $7,437,000.

A number of other large investors have also modified their holdings of the business. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust during the fourth quarter worth $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth $32,000. Redwood Park Advisors LLC boosted its position in shares of iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares in the last quarter. Sfam LLC acquired a new position in shares of iShares Silver Trust during the 4th quarter worth $33,000. Finally, BOK Financial Private Wealth Inc. acquired a new position in shares of iShares Silver Trust during the 4th quarter worth $34,000.

iShares Silver Trust Trading Up 0.2%

Shares of iShares Silver Trust stock opened at $52.46 on Tuesday. iShares Silver Trust has a 12-month low of $33.85 and a 12-month high of $109.83. The stock has a market cap of $28.02 billion, a PE ratio of -8.51 and a beta of 0.49. The company has a 50-day moving average of $57.21 and a two-hundred day moving average of $67.95.

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. 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.