Allianz SE Invests $152,000 in iShares Silver Trust (NYSEARCA:SLV)

Allianz SE acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, Holdings Channel reports. The firm acquired 5,788 shares of the exchange traded fund’s stock, valued at approximately $152,000.

Other hedge funds have also recently bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in shares of iShares Silver Trust in the fourth quarter valued at $25,000. Key Client Fiduciary Advisors LLC grew its stake in iShares Silver Trust by 406.5% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 4,825 shares during the last quarter. McClarren Financial Advisors Inc. grew its stake in iShares Silver Trust by 3,471.4% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 972 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in iShares Silver Trust during the 4th quarter valued at about $29,000. Finally, Smartleaf Asset Management LLC raised its position in iShares Silver Trust by 671.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 1,115 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $30.99 on Tuesday. The firm’s 50-day moving average is $29.43 and its two-hundred day moving average is $28.71. The company has a market capitalization of $14.83 billion, a PE ratio of -8.87 and a beta of 0.73. iShares Silver Trust has a 12-month low of $22.63 and a 12-month high of $31.80.

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.