Truvestments Capital LLC Makes New Investment in iShares Silver Trust (NYSEARCA:SLV)

Truvestments Capital LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 4,068 shares of the exchange traded fund’s stock, valued at approximately $116,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in iShares Silver Trust by 9.1% during the first quarter. Lazard Asset Management LLC now owns 17,084 shares of the exchange traded fund’s stock worth $388,000 after purchasing an additional 1,430 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of iShares Silver Trust by 4.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 106,184 shares of the exchange traded fund’s stock worth $2,416,000 after acquiring an additional 4,524 shares during the period. Tidal Investments LLC boosted its position in shares of iShares Silver Trust by 7.0% during the 1st quarter. Tidal Investments LLC now owns 16,905 shares of the exchange traded fund’s stock worth $381,000 after acquiring an additional 1,110 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its stake in iShares Silver Trust by 29.5% in the first quarter. Jaffetilchin Investment Partners LLC now owns 20,177 shares of the exchange traded fund’s stock valued at $459,000 after acquiring an additional 4,594 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its position in iShares Silver Trust by 4.7% during the first quarter. Independent Wealth Network Inc. now owns 87,850 shares of the exchange traded fund’s stock valued at $1,999,000 after purchasing an additional 3,983 shares in the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $27.80 on Wednesday. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $31.80. The company has a market cap of $13.05 billion, a PE ratio of -7.01 and a beta of 0.43. The stock’s fifty day moving average price is $28.98 and its two-hundred day moving average price is $27.63.

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.