Ameliora Wealth Management Ltd. increased its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,670 shares of the exchange traded fund’s stock after acquiring an additional 11,563 shares during the period. iShares Silver Trust makes up 1.7% of Ameliora Wealth Management Ltd.’s investment portfolio, making the stock its 16th largest position. Ameliora Wealth Management Ltd.’s holdings in iShares Silver Trust were worth $5,583,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of SLV. Nexus Investment Management ULC boosted its position in shares of iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 250 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of iShares Silver Trust in the third quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter worth approximately $33,000. Hopwood Financial Services Inc. acquired a new stake in shares of iShares Silver Trust in the third quarter worth approximately $38,000. Finally, Bangor Savings Bank acquired a new stake in shares of iShares Silver Trust in the fourth quarter worth approximately $38,000.
iShares Silver Trust Stock Performance
SLV opened at $66.09 on Tuesday. The company’s 50 day simple moving average is $73.93 and its 200 day simple moving average is $61.69. iShares Silver Trust has a 1 year low of $26.92 and a 1 year high of $109.83. The stock has a market capitalization of $37.41 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.
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