Bernard Wealth Management Corp. Acquires New Shares in iShares Silver Trust (NYSEARCA:SLV)

Bernard Wealth Management Corp. bought a new position in iShares Silver Trust (NYSEARCA:SLV) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,534 shares of the exchange traded fund’s stock, valued at approximately $40,000.

A number of other hedge funds also recently added to or reduced their stakes in SLV. Toronto Dominion Bank grew its position in shares of iShares Silver Trust by 18.6% during the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after acquiring an additional 358,806 shares during the last quarter. Raymond James Financial Inc. acquired a new position in iShares Silver Trust during the 4th quarter valued at about $57,303,000. Proficio Capital Partners LLC grew its position in iShares Silver Trust by 715.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock worth $55,781,000 after purchasing an additional 1,858,658 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of iShares Silver Trust by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,939,706 shares of the exchange traded fund’s stock valued at $51,072,000 after buying an additional 63,810 shares during the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of iShares Silver Trust by 560.6% during the fourth quarter. Bank of Nova Scotia now owns 1,180,797 shares of the exchange traded fund’s stock worth $31,090,000 after buying an additional 1,002,050 shares during the period.

iShares Silver Trust Price Performance

SLV opened at $27.14 on Wednesday. The stock’s 50 day moving average price is $29.51 and its 200 day moving average price is $28.73. The stock has a market cap of $13.37 billion, a P/E ratio of -8.96 and a beta of 0.59. iShares Silver Trust has a 12 month low of $23.87 and a 12 month high of $31.80.

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.