WESCAP Management Group Inc. Acquires 11,875 Shares of iShares Silver Trust $SLV

WESCAP Management Group Inc. lifted its holdings in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 6.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,030 shares of the exchange traded fund’s stock after buying an additional 11,875 shares during the quarter. iShares Silver Trust comprises 1.8% of WESCAP Management Group Inc.’s investment portfolio, making the stock its 16th biggest position. WESCAP Management Group Inc.’s holdings in iShares Silver Trust were worth $8,687,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SLV. GLOBALT Investments LLC GA bought a new position in shares of iShares Silver Trust in the second quarter worth $29,459,000. Guggenheim Capital LLC lifted its holdings in 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 in the last quarter. 1832 Asset Management L.P. purchased a new stake in iShares Silver Trust during the 2nd quarter worth about $26,643,000. Yong Rong HK Asset Management Ltd boosted its stake in iShares Silver Trust by 299.6% in the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 800,000 shares of the exchange traded fund’s stock worth $26,248,000 after purchasing an additional 599,800 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in iShares Silver Trust during the 2nd quarter valued at about $17,597,000.

iShares Silver Trust News Summary

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Trading Up 5.2%

Shares of iShares Silver Trust stock opened at $70.19 on Monday. The company’s 50-day moving average price is $70.78 and its 200-day moving average price is $51.25. iShares Silver Trust has a 12-month low of $26.57 and a 12-month high of $109.83. The company has a market cap of $38.64 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

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.

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

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