Hopwood Nicholas Hunter Buys New Stake in iShares Silver Trust $SLV

Hopwood Nicholas Hunter purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the second quarter, according to its most recent filing with the SEC. The fund purchased 9,840 shares of the exchange traded fund’s stock, valued at approximately $526,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Axiom Investment Management LLC bought a new stake in shares of iShares Silver Trust in the first quarter worth about $26,000. West Branch Capital LLC bought a new position in iShares Silver Trust during the second quarter valued at approximately $27,000. Sarver Vrooman Wealth Advisors purchased a new position in iShares Silver Trust during the 4th quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management purchased a new position in iShares Silver Trust during the 4th quarter valued at approximately $32,000. Finally, Redwood Park Advisors LLC grew its holdings in 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 buying an additional 266 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of SLV opened at $59.82 on Friday. The stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of -8.51 and a beta of 0.53. iShares Silver Trust has a 1 year low of $36.97 and a 1 year high of $109.83. The business’s 50 day simple moving average is $56.04 and its 200-day simple moving average is $64.19.

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.