Yong Rong HK Asset Management Ltd Purchases Shares of 500,000 iShares Silver Trust (NYSEARCA:SLV)

Yong Rong HK Asset Management Ltd acquired a new position in iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 500,000 shares of the exchange traded fund’s stock, valued at approximately $10,890,000. iShares Silver Trust makes up 4.1% of Yong Rong HK Asset Management Ltd’s portfolio, making the stock its 8th biggest holding.

Several other institutional investors also recently made changes to their positions in SLV. City State Bank lifted its stake in shares of iShares Silver Trust by 9.7% in the fourth quarter. City State Bank now owns 5,680 shares of the exchange traded fund’s stock valued at $124,000 after purchasing an additional 500 shares during the period. Grant GrossMendelsohn LLC increased its stake in iShares Silver Trust by 4.4% in the 4th quarter. Grant GrossMendelsohn LLC now owns 12,100 shares of the exchange traded fund’s stock valued at $252,000 after purchasing an additional 505 shares in the last quarter. Private Trust Co. NA increased its position in shares of iShares Silver Trust by 17.9% in the fourth quarter. Private Trust Co. NA now owns 3,893 shares of the exchange traded fund’s stock valued at $85,000 after buying an additional 591 shares in the last quarter. Lesa Sroufe & Co raised its position in iShares Silver Trust by 0.5% during the fourth quarter. Lesa Sroufe & Co now owns 132,099 shares of the exchange traded fund’s stock worth $2,877,000 after acquiring an additional 661 shares during the last quarter. Finally, Keel Point LLC lifted its stake in iShares Silver Trust by 0.9% in the 3rd quarter. Keel Point LLC now owns 81,194 shares of the exchange traded fund’s stock valued at $1,651,000 after buying an additional 732 shares in the last quarter.

iShares Silver Trust Stock Performance

iShares Silver Trust stock traded up $0.49 during midday trading on Wednesday, reaching $24.54. 30,021,886 shares of the company were exchanged, compared to its average volume of 24,127,721. iShares Silver Trust has a 1 year low of $18.97 and a 1 year high of $27.24. The firm’s 50-day simple moving average is $23.39 and its 200-day simple moving average is $22.04. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46.

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.