Aviance Capital Partners LLC lifted its stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 173.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,188 shares of the exchange traded fund’s stock after acquiring an additional 18,500 shares during the quarter. Aviance Capital Partners LLC’s holdings in iShares Silver Trust were worth $664,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in iShares Silver Trust in the 4th quarter valued at about $26,000. VisionPoint Advisory Group LLC acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC purchased a new position in iShares Silver Trust in the fourth quarter worth approximately $34,000. Tennessee Valley Asset Management Partners acquired a new position in iShares Silver Trust during the 4th quarter worth approximately $34,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at $38,000.
iShares Silver Trust Trading Up 1.1 %
Shares of SLV stock opened at $26.86 on Tuesday. The company has a market cap of $12.61 billion, a P/E ratio of -7.01 and a beta of 0.43. The firm has a fifty day moving average price of $26.69 and a 200 day moving average price of $23.74. iShares Silver Trust has a 12 month low of $18.97 and a 12 month high of $29.56.
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.
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