Aragon Global Management LP Invests $6.94 Million in iShares Silver Trust $SLV

Aragon Global Management LP purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 163,800 shares of the exchange traded fund’s stock, valued at approximately $6,940,000. iShares Silver Trust accounts for approximately 2.1% of Aragon Global Management LP’s portfolio, making the stock its 15th biggest holding.

A number of other hedge funds have also modified their holdings of the stock. Nexus Investment Management ULC boosted its holdings in iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new position in iShares Silver Trust in the 3rd quarter valued at $32,000. Hopwood Financial Services Inc. bought a new stake in shares of iShares Silver Trust during the third quarter worth approximately $38,000. Darwin Wealth Management LLC bought a new position in shares of iShares Silver Trust during the second quarter worth $39,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of iShares Silver Trust in the second quarter valued at approximately $47,000.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $72.69 on Friday. The company’s 50-day moving average price is $78.65 and its two-hundred day moving average price is $58.16. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83. The stock has a market capitalization of $40.02 billion, a PE ratio of -8.51 and a beta of 0.38.

iShares Silver Trust Company 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.