Armor Advisors L.L.C. Has $9.51 Million Position in iShares Silver Trust $SLV

Armor Advisors L.L.C. raised its stake in iShares Silver Trust (NYSEARCA:SLVFree Report) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,595 shares of the exchange traded fund’s stock after purchasing an additional 24,318 shares during the quarter. iShares Silver Trust makes up about 8.5% of Armor Advisors L.L.C.’s portfolio, making the stock its 5th biggest holding. Armor Advisors L.L.C.’s holdings in iShares Silver Trust were worth $9,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Basepoint Wealth LLC bought a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $99,000. Linscomb Wealth Inc. bought a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $256,000. Weaver Consulting Group bought a new stake in iShares Silver Trust in the 4th quarter valued at $294,000. Rothschild Investment LLC boosted its stake in iShares Silver Trust by 37.8% in the 4th quarter. Rothschild Investment LLC now owns 15,793 shares of the exchange traded fund’s stock valued at $1,017,000 after purchasing an additional 4,331 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in iShares Silver Trust by 58.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 746,397 shares of the exchange traded fund’s stock valued at $48,083,000 after purchasing an additional 276,297 shares during the period.

iShares Silver Trust Price Performance

SLV opened at $68.33 on Friday. The business has a fifty day simple moving average of $68.57 and a 200 day simple moving average of $68.36. The company has a market capitalization of $38.67 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 1 year low of $29.78 and a 1 year high of $109.83.

Key Headlines Impacting iShares Silver Trust

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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.

Further Reading

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

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