Harfst & Associates Inc. Makes New $404,000 Investment in iShares Silver Trust $SLV

Harfst & Associates Inc. purchased a new stake in iShares Silver Trust (NYSEARCA:SLVFree Report) during the third quarter, Holdings Channel reports. The institutional investor purchased 9,540 shares of the exchange traded fund’s stock, valued at approximately $404,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Silver Trust during the second quarter worth approximately $162,217,000. GLOBALT Investments LLC GA purchased a new position in iShares Silver Trust in the second quarter worth approximately $29,459,000. Guggenheim Capital LLC grew its holdings in iShares Silver Trust by 1,557.6% during the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock worth $30,006,000 after acquiring an additional 859,355 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in iShares Silver Trust during the 2nd quarter worth approximately $26,643,000. Finally, Yong Rong HK Asset Management Ltd increased its position in shares of iShares Silver Trust by 299.6% in the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock valued at $26,248,000 after purchasing an additional 599,800 shares during the last quarter.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Trading Down 3.7%

Shares of SLV opened at $70.96 on Thursday. The firm has a market capitalization of $41.37 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The firm’s fifty day simple moving average is $54.40 and its 200-day simple moving average is $43.54. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $73.84.

iShares Silver Trust Company Profile

(Free Report)

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

See Also

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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