Avalon Capital Management Boosts Holdings in iShares Silver Trust (NYSEARCA:SLV)

Avalon Capital Management boosted its position in iShares Silver Trust (NYSEARCA:SLV) by 55.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,077 shares of the exchange traded fund’s stock after buying an additional 16,376 shares during the period. Avalon Capital Management’s holdings in iShares Silver Trust were worth $1,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in iShares Silver Trust in the third quarter valued at $91,122,000. Bank of Montreal Can grew its holdings in iShares Silver Trust by 258.4% in the 3rd quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock valued at $54,854,000 after buying an additional 1,370,298 shares during the period. DRW Securities LLC grew its holdings in iShares Silver Trust by 1,019.8% in the 3rd quarter. DRW Securities LLC now owns 689,813 shares of the exchange traded fund’s stock valued at $19,598,000 after buying an additional 764,813 shares during the period. RIA Advisory Group LLC purchased a new stake in iShares Silver Trust in the 3rd quarter valued at about $20,773,000. Finally, International Assets Investment Management LLC grew its holdings in iShares Silver Trust by 3,449.3% in the 3rd quarter. International Assets Investment Management LLC now owns 539,818 shares of the exchange traded fund’s stock valued at $15,336,000 after buying an additional 524,609 shares during the period.

iShares Silver Trust Price Performance

SLV opened at $29.44 on Tuesday. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The business has a 50-day moving average of $28.01 and a two-hundred day moving average of $28.06. iShares Silver Trust has a 12 month low of $20.45 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.