Walser Wealth Management Company A Ltd Liability Co Takes $36.48 Million Position in iShares Silver Trust $SLV

Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 566,366 shares of the exchange traded fund’s stock, valued at approximately $36,485,000. iShares Silver Trust makes up approximately 19.2% of Walser Wealth Management Company A Ltd Liability Co’s investment portfolio, making the stock its 2nd largest position.

Several other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in shares of iShares Silver Trust by 51.0% in the 4th quarter. Sunbelt Securities Inc. now owns 40,563 shares of the exchange traded fund’s stock worth $2,613,000 after buying an additional 13,703 shares in the last quarter. Dorsey Wright & Associates boosted its holdings in shares of iShares Silver Trust by 1.5% in the 4th quarter. Dorsey Wright & Associates now owns 78,572 shares of the exchange traded fund’s stock worth $5,062,000 after purchasing an additional 1,197 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $1,526,000. Rare Wolf Capital LLC bought a new position in shares of iShares Silver Trust during the 4th quarter valued at approximately $799,000. Finally, Axxcess Wealth Management LLC increased its position in shares of iShares Silver Trust by 19.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 86,633 shares of the exchange traded fund’s stock valued at $5,581,000 after purchasing an additional 14,143 shares during the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $59.51 on Friday. The firm has a market capitalization of $33.68 billion, a PE ratio of -8.51 and a beta of 0.45. The stock’s fifty day moving average is $68.01 and its 200 day moving average is $70.06. iShares Silver Trust has a fifty-two week low of $32.06 and a fifty-two week high of $109.83.

iShares Silver Trust Company 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. 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.