WNY Asset Management LLC Makes New Investment in iShares Silver Trust $SLV

WNY Asset Management LLC acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 34,285 shares of the exchange traded fund’s stock, valued at approximately $2,336,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SLV. Segall Bryant & Hamill LLC acquired a new position in shares of iShares Silver Trust during the first quarter worth approximately $192,000. Vestor Capital LLC lifted its holdings in shares of iShares Silver Trust by 154.6% in the 1st quarter. Vestor Capital LLC now owns 5,911 shares of the exchange traded fund’s stock worth $403,000 after purchasing an additional 3,589 shares in the last quarter. BankChampaign National Association acquired a new stake in iShares Silver Trust in the 1st quarter valued at $395,000. Arete Wealth Advisors LLC grew its position in iShares Silver Trust by 10.4% in the 1st quarter. Arete Wealth Advisors LLC now owns 89,794 shares of the exchange traded fund’s stock valued at $6,113,000 after purchasing an additional 8,492 shares during the period. Finally, Leigh Baldwin & CO. LLC increased its stake in iShares Silver Trust by 2.6% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 11,990 shares of the exchange traded fund’s stock valued at $817,000 after purchasing an additional 300 shares in the last quarter.

iShares Silver Trust Trading Down 2.1%

Shares of SLV stock opened at $52.36 on Friday. The firm has a fifty day simple moving average of $57.53 and a two-hundred day simple moving average of $68.20. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83. The firm has a market capitalization of $27.97 billion, a PE ratio of -8.51 and a beta of 0.49.

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.