Verde Servicos Internacionais S.A. Invests $30.90 Million in iShares Silver Trust $SLV

Verde Servicos Internacionais S.A. acquired a new position in iShares Silver Trust (NYSEARCA:SLV) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 453,527 shares of the exchange traded fund’s stock, valued at approximately $30,903,000. iShares Silver Trust accounts for approximately 9.5% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 2nd largest holding.

Other hedge funds also recently bought and sold shares of the company. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust in the fourth quarter valued at about $30,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $32,000. Sfam LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $33,000. Rialto Wealth Management LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $33,000. Finally, Redwood Park Advisors LLC increased its position in shares of iShares Silver Trust by 106.4% during the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter.

iShares Silver Trust Stock Down 5.4%

Shares of NYSEARCA:SLV opened at $55.73 on Wednesday. The firm’s 50 day moving average price is $67.40 and its 200-day moving average price is $70.17. iShares Silver Trust has a twelve month low of $32.06 and a twelve month high of $109.83. The stock has a market capitalization of $31.54 billion, a PE ratio of -8.51 and a beta of 0.45.

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.