Cushing Capital Partners LLC Makes New Investment in iShares Silver Trust (NYSEARCA:SLV)

Cushing Capital Partners LLC bought a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 48,023 shares of the exchange traded fund’s stock, valued at approximately $1,264,000. iShares Silver Trust accounts for about 1.2% of Cushing Capital Partners LLC’s holdings, making the stock its 25th biggest holding.

Several other hedge funds also recently bought and sold shares of the stock. Miller Financial Services LLC purchased a new position in iShares Silver Trust during the fourth quarter worth about $1,265,000. Independent Advisor Alliance boosted its stake in shares of iShares Silver Trust by 2.1% in the fourth quarter. Independent Advisor Alliance now owns 112,390 shares of the exchange traded fund’s stock valued at $2,959,000 after purchasing an additional 2,334 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of iShares Silver Trust by 30.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 41,050 shares of the exchange traded fund’s stock valued at $1,081,000 after purchasing an additional 9,500 shares during the period. Sound View Wealth Advisors Group LLC boosted its stake in shares of iShares Silver Trust by 8.9% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 48,286 shares of the exchange traded fund’s stock valued at $1,271,000 after purchasing an additional 3,946 shares during the period. Finally, Sowell Financial Services LLC boosted its stake in shares of iShares Silver Trust by 34.6% in the fourth quarter. Sowell Financial Services LLC now owns 97,690 shares of the exchange traded fund’s stock valued at $2,572,000 after purchasing an additional 25,113 shares during the period.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $29.11 on Tuesday. The firm has a 50 day simple moving average of $28.37 and a 200-day simple moving average of $28.25. iShares Silver Trust has a one year low of $21.97 and a one year high of $31.80. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74.

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.