iShares Silver Trust $SLV is Grand Central Investment Group’s 4th Largest Position

Grand Central Investment Group trimmed its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 40.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,701 shares of the exchange traded fund’s stock after selling 85,677 shares during the quarter. iShares Silver Trust makes up approximately 6.3% of Grand Central Investment Group’s investment portfolio, making the stock its 4th largest position. Grand Central Investment Group’s holdings in iShares Silver Trust were worth $8,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sarver Vrooman Wealth Advisors acquired a new stake in iShares Silver Trust in the 4th quarter valued at $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the fourth quarter worth $32,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust in the 4th quarter valued at about $33,000. Redwood Park Advisors LLC increased its holdings in shares of iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. Finally, Sfam LLC purchased a new stake in iShares Silver Trust in the 4th quarter valued at $33,000.

iShares Silver Trust Stock Down 1.1%

Shares of SLV opened at $52.68 on Tuesday. iShares Silver Trust has a 52-week low of $32.62 and a 52-week high of $109.83. The stock has a fifty day simple moving average of $65.93 and a two-hundred day simple moving average of $70.15. The company has a market capitalization of $29.82 billion, a PE 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.