Global Retirement Partners LLC raised its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 17.8% during the 4th quarter, Holdings Channel reports. The firm owned 100,063 shares of the exchange traded fund’s stock after acquiring an additional 15,094 shares during the quarter. Global Retirement Partners LLC’s holdings in iShares Silver Trust were worth $6,446,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at $33,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in iShares Silver Trust by 274.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 425 shares during the last quarter. Bangor Savings Bank acquired a new stake in iShares Silver Trust in the fourth quarter valued at $38,000. American National Bank & Trust grew its holdings in iShares Silver Trust by 96.7% in the fourth quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 290 shares during the last quarter. Finally, Wells Financial Advisors INC acquired a new stake in iShares Silver Trust in the fourth quarter valued at $39,000.
iShares Silver Trust Stock Performance
iShares Silver Trust stock opened at $69.45 on Friday. The firm has a market capitalization of $39.31 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a fifty-two week low of $29.78 and a fifty-two week high of $109.83. The stock’s fifty day moving average is $69.17 and its two-hundred day moving average is $67.48.
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. 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.
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