Price Capital Management Inc. Has $7.33 Million Position in iShares Silver Trust $SLV

Price Capital Management Inc. grew its holdings in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 92.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,740 shares of the exchange traded fund’s stock after buying an additional 54,520 shares during the period. iShares Silver Trust accounts for approximately 53.6% of Price Capital Management Inc.’s holdings, making the stock its biggest position. Price Capital Management Inc.’s holdings in iShares Silver Trust were worth $7,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rialto Wealth Management LLC bought a new stake in iShares Silver Trust during the fourth quarter worth about $33,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of iShares Silver Trust by 274.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 425 shares in the last quarter. Bangor Savings Bank bought a new position in shares of iShares Silver Trust during the fourth quarter valued at approximately $38,000. American National Bank & Trust lifted its holdings in shares of iShares Silver Trust by 96.7% during the fourth quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 290 shares during the last quarter. Finally, Wells Financial Advisors INC bought a new stake in shares of iShares Silver Trust in the 4th quarter worth approximately $39,000.

iShares Silver Trust Stock Up 2.1%

iShares Silver Trust stock opened at $71.60 on Friday. The company has a market capitalization of $40.53 billion, a P/E ratio of -8.51 and a beta of 0.45. The stock’s 50 day moving average is $70.31 and its 200 day moving average is $65.45. iShares Silver Trust has a twelve month low of $29.09 and a twelve month high of $109.83.

iShares Silver Trust News Roundup

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About iShares Silver Trust

(Free Report)

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.

See Also

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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