iShares Silver Trust $SLV Shares Bought by Wealthstar Advisors LLC

Wealthstar Advisors LLC lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 197.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 15,556 shares of the exchange traded fund’s stock after buying an additional 10,319 shares during the period. Wealthstar Advisors LLC’s holdings in iShares Silver Trust were worth $1,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sarver Vrooman Wealth Advisors acquired a new position in iShares Silver Trust during the fourth quarter worth $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in iShares Silver Trust during the fourth quarter worth $32,000. Sfam LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at $33,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at $33,000. Finally, Redwood Park Advisors LLC grew its holdings in iShares Silver Trust by 106.4% in the fourth 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 Price Performance

NYSEARCA:SLV opened at $55.02 on Friday. The company has a market capitalization of $29.39 billion, a PE ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a 52-week low of $32.96 and a 52-week high of $109.83. The stock has a fifty day simple moving average of $64.58 and a 200-day simple moving average of $69.99.

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.