Royal Fund Management LLC Acquires New Position in iShares Silver Trust $SLV

Royal Fund Management LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,824 shares of the exchange traded fund’s stock, valued at approximately $762,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLV. Brookstone Capital Management raised its position in shares of iShares Silver Trust by 88.0% in the fourth quarter. Brookstone Capital Management now owns 270,396 shares of the exchange traded fund’s stock valued at $17,419,000 after purchasing an additional 126,564 shares during the period. Wealth Quarterback LLC boosted its holdings in iShares Silver Trust by 12.8% in the 4th quarter. Wealth Quarterback LLC now owns 18,065 shares of the exchange traded fund’s stock worth $1,164,000 after buying an additional 2,057 shares during the period. Global View Capital Management LLC boosted its holdings in iShares Silver Trust by 9.1% in the 4th quarter. Global View Capital Management LLC now owns 54,127 shares of the exchange traded fund’s stock worth $3,487,000 after buying an additional 4,501 shares during the period. New England Professional Planning Group Inc. boosted its holdings in iShares Silver Trust by 76.1% in the 4th quarter. New England Professional Planning Group Inc. now owns 17,613 shares of the exchange traded fund’s stock worth $1,135,000 after buying an additional 7,609 shares during the period. Finally, WESPAC Advisors LLC grew its stake in iShares Silver Trust by 10.8% in the 4th quarter. WESPAC Advisors LLC now owns 35,477 shares of the exchange traded fund’s stock valued at $2,285,000 after buying an additional 3,460 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of SLV stock opened at $68.14 on Wednesday. The company’s fifty day simple moving average is $75.86 and its two-hundred day simple moving average is $60.90. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83. The stock has a market capitalization of $37.51 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

Key Stories Impacting iShares Silver Trust

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

iShares Silver Trust 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.

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

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