Verde Servicos Internacionais S.A. Acquires New Shares in iShares Silver Trust $SLV

Verde Servicos Internacionais S.A. bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 453,527 shares of the exchange traded fund’s stock, valued at approximately $30,903,000. iShares Silver Trust comprises 9.5% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 2nd largest holding. Verde Servicos Internacionais S.A. owned approximately 0.08% of iShares Silver Trust at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in iShares Silver Trust by 9.2% in the 4th 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 during the last quarter. Bison Wealth LLC purchased a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $238,000. Capstone Wealth Management Group LLC purchased a new stake in shares of iShares Silver Trust during the 1st quarter valued at about $443,000. Schnieders Capital Management LLC. boosted its holdings in shares of iShares Silver Trust by 15.0% during 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, First Trust Advisors LP bought a new stake in shares of iShares Silver Trust in the second quarter worth approximately $886,000.

iShares Silver Trust Stock Down 5.4%

SLV opened at $55.73 on Wednesday. The firm has a 50 day moving average price of $67.40 and a 200-day moving average price of $70.17. iShares Silver Trust has a twelve month low of $32.06 and a twelve month high of $109.83. The stock has a market capitalization of $31.54 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

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.