36,617 Shares in iShares Silver Trust $SLV Purchased by Clare Market Investments LLC

Clare Market Investments LLC purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the 1st quarter, Holdings Channel reports. The fund purchased 36,617 shares of the exchange traded fund’s stock, valued at approximately $2,495,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $33,000. Redwood Park Advisors LLC grew its position in 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 acquiring an additional 266 shares during the last quarter. Finally, Sfam LLC bought a new stake in iShares Silver Trust during the 4th quarter worth approximately $33,000.

iShares Silver Trust Price Performance

SLV stock opened at $55.89 on Tuesday. The business has a fifty day moving average price of $64.34 and a 200 day moving average price of $70.06. iShares Silver Trust has a fifty-two week low of $32.96 and a fifty-two week high of $109.83. The stock has a market capitalization of $29.85 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

iShares Silver Trust 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.