Grandview Asset Management LLC Boosts Stake in iShares Silver Trust (NYSEARCA:SLV)

Grandview Asset Management LLC raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 36.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,177 shares of the exchange traded fund’s stock after buying an additional 3,511 shares during the quarter. Grandview Asset Management LLC’s holdings in iShares Silver Trust were worth $347,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ironwood Wealth Management LLC. purchased a new stake in iShares Silver Trust in the 2nd quarter worth approximately $202,000. Daiwa Securities Group Inc. grew its position in shares of iShares Silver Trust by 17.9% in the second quarter. Daiwa Securities Group Inc. now owns 31,550 shares of the exchange traded fund’s stock valued at $838,000 after purchasing an additional 4,800 shares during the period. Envestnet Asset Management Inc. increased its stake in iShares Silver Trust by 27.9% in the second quarter. Envestnet Asset Management Inc. now owns 1,190,547 shares of the exchange traded fund’s stock valued at $31,633,000 after purchasing an additional 259,988 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in iShares Silver Trust by 88.2% during the second quarter. J.W. Cole Advisors Inc. now owns 38,021 shares of the exchange traded fund’s stock worth $1,010,000 after buying an additional 17,821 shares during the period. Finally, Moors & Cabot Inc. lifted its position in iShares Silver Trust by 5.5% during the second quarter. Moors & Cabot Inc. now owns 34,934 shares of the exchange traded fund’s stock worth $928,000 after buying an additional 1,823 shares during the period.

iShares Silver Trust Price Performance

SLV opened at $26.96 on Tuesday. iShares Silver Trust has a 12 month low of $20.07 and a 12 month high of $31.80. The business has a 50-day moving average of $27.79 and a two-hundred day moving average of $27.65. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.