iShares Silver Trust $SLV Shares Purchased by Sicart Associates LLC

Sicart Associates LLC increased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 141.5% in the 1st quarter, HoldingsChannel reports. The fund owned 71,216 shares of the exchange traded fund’s stock after purchasing an additional 41,722 shares during the quarter. Sicart Associates LLC’s holdings in iShares Silver Trust were worth $4,853,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Tableaux LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at $133,233,000. Bank of Montreal Can lifted its stake in shares of iShares Silver Trust by 505.8% in the 4th quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock valued at $142,946,000 after purchasing an additional 1,852,688 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of iShares Silver Trust by 259.9% during the 4th quarter. Teacher Retirement System of Texas now owns 1,400,000 shares of the exchange traded fund’s stock worth $90,188,000 after purchasing an additional 1,011,000 shares during the period. Quadrature Capital Ltd grew its holdings in shares of iShares Silver Trust by 1,691.5% during the 3rd quarter. Quadrature Capital Ltd now owns 960,353 shares of the exchange traded fund’s stock worth $40,681,000 after purchasing an additional 906,747 shares during the period. Finally, Mainstay Capital Management LLC ADV increased its position in shares of iShares Silver Trust by 478.6% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 999,890 shares of the exchange traded fund’s stock worth $42,365,000 after purchasing an additional 827,089 shares during the last quarter.

iShares Silver Trust Trading Up 1.8%

Shares of SLV opened at $53.28 on Friday. The company’s 50-day moving average price is $66.30 and its 200 day moving average price is $70.04. iShares Silver Trust has a 12-month low of $32.53 and a 12-month high of $109.83. The firm has a market cap of $30.16 billion, a P/E ratio of -8.51 and a beta of 0.45.

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.