One Capital Management LLC Takes $583,000 Position in iShares Silver Trust $SLV

One Capital Management LLC acquired a new position in iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,904 shares of the exchange traded fund’s stock, valued at approximately $583,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tableaux LLC bought a new position in iShares Silver Trust in the fourth quarter worth approximately $133,233,000. Bank of Montreal Can grew 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 acquiring an additional 1,852,688 shares during the period. Focus Partners Wealth grew its position in shares of iShares Silver Trust by 480.3% during the 4th quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock valued at $47,936,000 after acquiring an additional 615,902 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares Silver Trust by 27.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after purchasing an additional 573,660 shares in the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co purchased a new stake in shares of iShares Silver Trust in the 4th quarter worth $36,485,000.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $60.72 on Thursday. The stock has a market cap of $32.43 billion, a P/E ratio of -8.51 and a beta of 0.53. The stock’s fifty day moving average is $56.44 and its 200 day moving average is $63.96. iShares Silver Trust has a one year low of $37.24 and a one year high of $109.83.

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.