Gunpowder Capital Management LLC dba Oliver Wealth Management Makes New Investment in iShares Silver Trust $SLV

Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 22,190 shares of the exchange traded fund’s stock, valued at approximately $1,429,000. iShares Silver Trust accounts for about 1.1% of Gunpowder Capital Management LLC dba Oliver Wealth Management’s portfolio, making the stock its 20th largest holding.

Other institutional investors also recently made changes to their positions in the company. TBH Global Asset Management LLC grew its stake in iShares Silver Trust by 1.5% during the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock worth $439,000 after buying an additional 104 shares during the last quarter. Westside Investment Management Inc. lifted its stake in iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 130 shares during the last quarter. JNBA Financial Advisors lifted its stake in iShares Silver Trust by 1.2% in the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 132 shares during the last quarter. SouthState Bank Corp boosted its holdings in shares of iShares Silver Trust by 29.6% during the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 148 shares during the period. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of iShares Silver Trust by 1.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock valued at $651,000 after acquiring an additional 150 shares during the period.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $59.51 on Friday. iShares Silver Trust has a one year low of $32.06 and a one year high of $109.83. The company has a 50-day simple moving average of $67.85 and a 200-day simple moving average of $69.98. The firm has a market capitalization of $33.68 billion, a P/E ratio of -8.51 and a beta of 0.45.

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.