AlTi Global Inc. Acquires New Position in iShares Silver Trust $SLV

AlTi Global Inc. acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) during the second quarter, Holdings Channel reports. The firm acquired 47,287 shares of the exchange traded fund’s stock, valued at approximately $1,555,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SLV. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Silver Trust during the first quarter valued at about $25,000. Highline Wealth Partners LLC bought a new stake in shares of iShares Silver Trust during the second quarter valued at about $26,000. Financial Management Professionals Inc. increased its position in shares of iShares Silver Trust by 37.6% during the second quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 302 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of iShares Silver Trust during the second quarter valued at about $38,000. Finally, GAMMA Investing LLC bought a new stake in shares of iShares Silver Trust during the first quarter valued at about $42,000.

iShares Silver Trust Stock Down 0.4%

Shares of SLV opened at $43.99 on Friday. The business’s 50-day moving average price is $40.31 and its 200-day moving average price is $34.86. iShares Silver Trust has a twelve month low of $26.19 and a twelve month high of $49.25. The stock has a market cap of $24.43 billion, a PE ratio of -8.51 and a beta of 0.59.

iShares Silver Trust 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.