Royal Fund Management LLC Has $3.05 Million Stock Holdings in iShares Silver Trust $SLV

Royal Fund Management LLC increased its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 77.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 57,095 shares of the exchange traded fund’s stock after buying an additional 24,878 shares during the period. Royal Fund Management LLC’s holdings in iShares Silver Trust were worth $3,053,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SLV. Axiom Investment Management LLC bought a new position in iShares Silver Trust in the 1st quarter valued at about $26,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust during the fourth quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares Silver Trust during the fourth quarter worth approximately $32,000. West Branch Capital LLC acquired a new position in shares of iShares Silver Trust in the second quarter valued at approximately $27,000. Finally, Sfam LLC acquired a new position in shares of iShares Silver Trust in the fourth quarter valued at approximately $33,000.

iShares Silver Trust Trading Up 0.9%

Shares of NYSEARCA SLV opened at $59.06 on Thursday. The firm has a market cap of $31.54 billion, a P/E ratio of -8.51 and a beta of 0.50. iShares Silver Trust has a 1-year low of $33.85 and a 1-year high of $109.83. The business’s 50 day moving average is $55.70 and its 200-day moving average is $66.64.

About iShares Silver Trust

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.