Spartan Fund Management Inc. Takes Position in iShares Silver Trust (NYSEARCA:SLV)

Spartan Fund Management Inc. acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the exchange traded fund’s stock, valued at approximately $28,000.

Other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $200,000. Banque Cantonale Vaudoise boosted its holdings in shares of iShares Silver Trust by 64.5% during the first quarter. Banque Cantonale Vaudoise now owns 14,897 shares of the exchange traded fund’s stock worth $339,000 after purchasing an additional 5,843 shares during the period. Park Avenue Securities LLC grew its stake in shares of iShares Silver Trust by 9.6% in the first quarter. Park Avenue Securities LLC now owns 34,650 shares of the exchange traded fund’s stock worth $788,000 after purchasing an additional 3,041 shares during the last quarter. International Assets Investment Management LLC increased its holdings in iShares Silver Trust by 6.1% during the 1st quarter. International Assets Investment Management LLC now owns 11,528 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 659 shares during the period. Finally, Global Assets Advisory LLC purchased a new stake in iShares Silver Trust in the 1st quarter worth approximately $4,593,000.

iShares Silver Trust Trading Up 2.7 %

NYSEARCA SLV traded up $0.83 during trading on Tuesday, hitting $31.68. The company had a trading volume of 28,881,640 shares, compared to its average volume of 22,612,787. iShares Silver Trust has a one year low of $20.07 and a one year high of $31.80. The company’s fifty day moving average is $27.63 and its 200-day moving average is $26.93. The company has a market cap of $14.87 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

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.