Cavalier Investments LLC Has $633,000 Stock Position in iShares Silver Trust $SLV

Cavalier Investments LLC reduced its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 95.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,846 shares of the exchange traded fund’s stock after selling 261,426 shares during the quarter. Cavalier Investments LLC’s holdings in iShares Silver Trust were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLV. Axiom Investment Management LLC acquired a new position in iShares Silver Trust in the first quarter worth about $26,000. West Branch Capital LLC acquired a new stake in iShares Silver Trust during the second quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $32,000. Finally, Redwood Park Advisors LLC raised its holdings in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 266 shares in the last quarter.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $60.13 on Tuesday. The business has a 50 day simple moving average of $55.56 and a 200 day simple moving average of $64.48. The company has a market capitalization of $32.12 billion, a PE ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a one year low of $35.32 and a one year high of $109.83.

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.