China Universal Asset Management Co. Ltd. Purchases 111,500 Shares of iShares Silver Trust $SLV

China Universal Asset Management Co. Ltd. increased its position in iShares Silver Trust (NYSEARCA:SLVFree Report) by 167.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 177,900 shares of the exchange traded fund’s stock after buying an additional 111,500 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in iShares Silver Trust were worth $7,538,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SLV. Center for Financial Planning Inc. bought a new stake in iShares Silver Trust during the 2nd quarter valued at approximately $25,000. Nexus Investment Management ULC boosted its position in iShares Silver Trust by 50.0% in the 3rd quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 250 shares during the period. Raleigh Capital Management Inc. bought a new position in iShares Silver Trust during the 3rd quarter worth about $32,000. Hopwood Financial Services Inc. bought a new stake in iShares Silver Trust during the third quarter valued at about $38,000. Finally, Addison Advisors LLC purchased a new position in iShares Silver Trust in the second quarter valued at about $31,000.

iShares Silver Trust News Summary

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

iShares Silver Trust Price Performance

Shares of SLV stock opened at $71.01 on Friday. The firm has a market capitalization of $39.09 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The business has a fifty day moving average of $73.89 and a 200 day moving average of $53.32. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83.

iShares Silver Trust Profile

(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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