One Capital Management LLC Invests $583,000 in iShares Silver Trust $SLV

One Capital Management LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,904 shares of the exchange traded fund’s stock, valued at approximately $583,000.

A number of other large investors also recently modified their holdings of SLV. Tableaux LLC bought a new position in iShares Silver Trust in the 4th quarter worth $133,233,000. Bank of Montreal Can grew its position in shares of iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after purchasing an additional 1,852,688 shares in the last quarter. Focus Partners Wealth raised its stake in iShares Silver Trust by 480.3% during the 4th quarter. Focus Partners Wealth now owns 744,124 shares of the exchange traded fund’s stock valued at $47,936,000 after purchasing an additional 615,902 shares during the period. Ameriprise Financial Inc. raised its stake in iShares Silver Trust by 27.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock valued at $113,391,000 after purchasing an additional 573,660 shares during the period. Finally, Walser Wealth Management Company A Ltd Liability Co purchased a new position in iShares Silver Trust in the 4th quarter worth approximately $36,485,000.

iShares Silver Trust Price Performance

SLV stock opened at $60.72 on Thursday. iShares Silver Trust has a 1-year low of $37.24 and a 1-year high of $109.83. The business has a 50 day simple moving average of $56.44 and a two-hundred day simple moving average of $63.96. The company has a market capitalization of $32.43 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53.

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.