WESCAP Management Group Inc. raised its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 24.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,890 shares of the exchange traded fund’s stock after purchasing an additional 19,867 shares during the period. WESCAP Management Group Inc.’s holdings in iShares Silver Trust were worth $2,656,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quadrature Capital Ltd acquired a new stake in iShares Silver Trust in the 3rd quarter valued at $91,122,000. Raymond James Financial Inc. purchased a new position in iShares Silver Trust during the fourth quarter valued at $57,303,000. Proficio Capital Partners LLC grew its position in shares of iShares Silver Trust by 715.2% in the fourth quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after purchasing an additional 1,858,658 shares during the period. Toronto Dominion Bank increased its stake in shares of iShares Silver Trust by 18.6% during the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after purchasing an additional 358,806 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of iShares Silver Trust during the 3rd quarter worth about $7,769,000.
iShares Silver Trust Trading Down 1.2 %
Shares of iShares Silver Trust stock opened at $30.63 on Wednesday. iShares Silver Trust has a twelve month low of $23.24 and a twelve month high of $31.80. The firm has a market capitalization of $15.09 billion, a PE ratio of -8.96 and a beta of 0.59. The firm’s 50-day moving average price is $29.48 and its 200 day moving average price is $28.73.
About iShares Silver Trust
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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