Royal Fund Management LLC Makes New Investment in iShares Silver Trust $SLV

Royal Fund Management LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLVFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,824 shares of the exchange traded fund’s stock, valued at approximately $762,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLV. Nexus Investment Management ULC increased its stake in shares of iShares Silver Trust by 50.0% during the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 250 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in iShares Silver Trust in the third quarter valued at approximately $32,000. Rialto Wealth Management LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at approximately $33,000. Hopwood Financial Services Inc. bought a new position in iShares Silver Trust during the third quarter valued at $38,000. Finally, Darwin Wealth Management LLC bought a new position in iShares Silver Trust during the second quarter valued at $39,000.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $68.14 on Wednesday. The business has a fifty day simple moving average of $75.86 and a two-hundred day simple moving average of $60.90. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83. The company has a market capitalization of $37.51 billion, a P/E ratio of -8.51 and a beta of 0.38.

About iShares Silver Trust

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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