iShares Silver Trust $SLV Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp grew its stake in iShares Silver Trust (NYSEARCA:SLV) by 29.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 79,561 shares of the exchange traded fund’s stock after buying an additional 18,320 shares during the quarter. Money Concepts Capital Corp’s holdings in iShares Silver Trust were worth $5,421,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sarver Vrooman Wealth Advisors purchased a new position in iShares Silver Trust in the fourth quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $32,000. Rialto Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $33,000. Redwood Park Advisors LLC raised its holdings in shares of iShares Silver Trust by 106.4% in 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 in the last quarter. Finally, Sfam LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at $33,000.

iShares Silver Trust Trading Up 2.5%

iShares Silver Trust stock opened at $54.14 on Friday. The company has a fifty day simple moving average of $63.50 and a 200-day simple moving average of $69.93. The stock has a market cap of $28.92 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 12-month low of $33.10 and a 12-month high of $109.83.

About iShares Silver Trust

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.