Florida Trust Wealth Management Co Increases Stake in iShares Silver Trust $SLV

Florida Trust Wealth Management Co raised its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 2,689.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,001 shares of the exchange traded fund’s stock after buying an additional 164,870 shares during the quarter. Florida Trust Wealth Management Co’s holdings in iShares Silver Trust were worth $11,016,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SLV. Brighton Jones LLC lifted its stake in shares of iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 1,595 shares in the last quarter. Bison Wealth LLC acquired a new position in iShares Silver Trust during the fourth quarter worth about $238,000. Capstone Wealth Management Group LLC purchased a new stake in iShares Silver Trust during the 1st quarter valued at about $443,000. Schnieders Capital Management LLC. raised its holdings in iShares Silver Trust by 15.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after acquiring an additional 1,300 shares during the last quarter. Finally, CW Advisors LLC raised its holdings in iShares Silver Trust by 114.3% in the 2nd quarter. CW Advisors LLC now owns 59,927 shares of the exchange traded fund’s stock valued at $1,966,000 after acquiring an additional 31,959 shares during the last quarter.

iShares Silver Trust Price Performance

SLV opened at $65.79 on Friday. The firm has a market capitalization of $37.24 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The company’s 50 day simple moving average is $74.57 and its two-hundred day simple moving average is $61.33. iShares Silver Trust has a 1-year low of $26.57 and a 1-year 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.