Evanson Financial LLC Purchases Shares of 89,654 iShares Silver Trust $SLV

Evanson Financial LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 89,654 shares of the exchange traded fund’s stock, valued at approximately $4,794,000.

A number of other hedge funds also recently made changes to their positions in the stock. Axiom Investment Management LLC bought a new stake in iShares Silver Trust in the first quarter valued at approximately $26,000. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust during the 4th quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $32,000. Sfam LLC acquired a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $33,000. Finally, Redwood Park Advisors LLC lifted its position in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares during the period.

iShares Silver Trust Stock Performance

NYSEARCA:SLV opened at $55.85 on Friday. iShares Silver Trust has a 52 week low of $33.85 and a 52 week high of $109.83. The firm’s fifty day moving average is $56.41 and its 200-day moving average is $67.37. The firm has a market cap of $29.83 billion, a P/E ratio of -8.51 and a beta of 0.50.

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.