Royal Fund Management LLC Has $3.05 Million Holdings in iShares Silver Trust $SLV

Royal Fund Management LLC increased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 77.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,095 shares of the exchange traded fund’s stock after acquiring an additional 24,878 shares during the quarter. Royal Fund Management LLC’s holdings in iShares Silver Trust were worth $3,053,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SLV. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in iShares Silver Trust during the first quarter worth approximately $2,762,000. Financial Partners Group Inc purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at $509,000. Renaissance Technologies LLC purchased a new position in shares of iShares Silver Trust in the 1st quarter valued at $7,437,000. Thoroughbred Financial Services LLC lifted its holdings in shares of iShares Silver Trust by 77.2% during the 4th quarter. Thoroughbred Financial Services LLC now owns 22,513 shares of the exchange traded fund’s stock valued at $1,450,000 after acquiring an additional 9,811 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of iShares Silver Trust by 21.5% during the 4th quarter. Merit Financial Group LLC now owns 44,979 shares of the exchange traded fund’s stock valued at $2,898,000 after acquiring an additional 7,969 shares in the last quarter.

iShares Silver Trust Trading Up 0.9%

Shares of NYSEARCA SLV opened at $59.06 on Thursday. The stock has a fifty day moving average price of $55.70 and a 200 day moving average price of $66.64. iShares Silver Trust has a 12-month low of $33.85 and a 12-month high of $109.83. The company has a market cap of $31.54 billion, a P/E ratio of -8.51 and a beta of 0.50.

iShares Silver Trust 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.