Price Capital Management Inc. Purchases New Stake in iShares Silver Trust $SLV

Price Capital Management Inc. acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 59,220 shares of the exchange traded fund’s stock, valued at approximately $2,509,000. iShares Silver Trust accounts for approximately 2.9% of Price Capital Management Inc.’s portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC grew its stake in shares of iShares Silver Trust by 1,557.6% during the 2nd quarter. Guggenheim Capital LLC now owns 914,527 shares of the exchange traded fund’s stock worth $30,006,000 after purchasing an additional 859,355 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of iShares Silver Trust in the second quarter valued at about $26,643,000. Yong Rong HK Asset Management Ltd boosted its holdings in iShares Silver Trust by 299.6% during the second quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock worth $26,248,000 after buying an additional 599,800 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in iShares Silver Trust during the second quarter worth about $17,597,000. Finally, Great Valley Advisor Group Inc. grew its position in iShares Silver Trust by 1,133.5% during the second quarter. Great Valley Advisor Group Inc. now owns 526,970 shares of the exchange traded fund’s stock worth $17,290,000 after buying an additional 484,247 shares during the period.

iShares Silver Trust Trading Up 7.9%

Shares of iShares Silver Trust stock opened at $76.62 on Monday. The company has a 50-day moving average of $74.30 and a two-hundred day moving average of $53.89. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The stock has a market cap of $42.18 billion, a PE ratio of -8.51 and a beta of 0.38.

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.