Nalls Sherbakoff Group LLC Makes New Investment in iShares Silver Trust $SLV

Nalls Sherbakoff Group LLC bought a new position in iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 25,168 shares of the exchange traded fund’s stock, valued at approximately $1,621,000. iShares Silver Trust accounts for approximately 1.2% of Nalls Sherbakoff Group LLC’s portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at approximately $30,000. Intesa Sanpaolo Wealth Management purchased a new position in iShares Silver Trust during the fourth quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust during the fourth quarter worth $33,000. Redwood Park Advisors LLC boosted its stake in iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 266 shares during the last quarter. Finally, Sfam LLC acquired a new position in iShares Silver Trust during the fourth quarter worth $33,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $59.51 on Friday. iShares Silver Trust has a 52-week low of $32.06 and a 52-week high of $109.83. The stock has a market cap of $33.68 billion, a P/E ratio of -8.51 and a beta of 0.45. The business has a fifty day moving average of $67.85 and a two-hundred day moving average of $69.98.

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.