Greenwich Wealth Management LLC Takes $28.52 Million Position in iShares Silver Trust $SLV

Greenwich Wealth Management LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 442,753 shares of the exchange traded fund’s stock, valued at approximately $28,522,000. iShares Silver Trust makes up 1.3% of Greenwich Wealth Management LLC’s holdings, making the stock its 14th largest position. Greenwich Wealth Management LLC owned 0.08% of iShares Silver Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Peak Retirement Planning Inc. acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at approximately $639,000. Calton & Associates Inc. raised its position in shares of iShares Silver Trust by 7.6% in the fourth quarter. Calton & Associates Inc. now owns 24,050 shares of the exchange traded fund’s stock valued at $1,549,000 after buying an additional 1,700 shares in the last quarter. Natixis Advisors LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at approximately $719,000. Beto Financial Group LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at approximately $229,000. Finally, Sage Investment Advisers LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at approximately $434,000.

iShares Silver Trust Trading Up 0.5%

NYSEARCA SLV opened at $67.99 on Wednesday. iShares Silver Trust has a 1-year low of $31.07 and a 1-year high of $109.83. The company has a 50 day moving average of $68.61 and a 200-day moving average of $68.66. The company has a market cap of $38.48 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

About iShares Silver Trust

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.