Tudor Financial Inc. Raises Stock Position in iShares Silver Trust $SLV

Tudor Financial Inc. raised its position in iShares Silver Trust (NYSEARCA:SLV) by 265.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,928 shares of the exchange traded fund’s stock after purchasing an additional 17,387 shares during the quarter. Tudor Financial Inc.’s holdings in iShares Silver Trust were worth $1,279,000 as of its most recent SEC filing.

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

iShares Silver Trust Price Performance

Shares of SLV opened at $60.55 on Friday. iShares Silver Trust has a 1-year low of $36.63 and a 1-year high of $109.83. The stock has a market cap of $32.34 billion, a PE ratio of -8.51 and a beta of 0.53. The firm has a 50-day simple moving average of $55.91 and a two-hundred day simple moving average of $64.22.

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.