Terra Nova Asset Management LLC Invests $1.56 Million in iShares Silver Trust $SLV

Terra Nova Asset Management LLC bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,970 shares of the exchange traded fund’s stock, valued at approximately $1,565,000.

Other hedge funds have also recently bought and sold shares of the company. Tableaux LLC acquired a new stake in iShares Silver Trust in the 4th quarter valued at about $133,233,000. Bank of Montreal Can boosted its position in shares of iShares Silver Trust by 505.8% during the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after purchasing an additional 1,852,688 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of iShares Silver Trust by 259.9% during the 4th quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock valued at $90,188,000 after purchasing an additional 1,011,000 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of iShares Silver Trust by 1,691.5% in the 3rd quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock worth $40,681,000 after purchasing an additional 906,747 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV grew its stake in shares of iShares Silver Trust by 478.6% in the 3rd quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock worth $42,365,000 after purchasing an additional 827,089 shares during the last quarter.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $59.51 on Monday. iShares Silver Trust has a 12 month low of $32.06 and a 12 month high of $109.83. The company has a market capitalization of $33.68 billion, a P/E ratio of -8.51 and a beta of 0.45. The company’s 50 day simple moving average is $67.85 and its 200 day simple moving average is $70.11.

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.