MidFirst Bank acquired a new stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 12,000 shares of the exchange traded fund’s stock, valued at approximately $773,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its holdings in iShares Silver Trust by 12.7% in the third quarter. Raymond James Financial Inc. now owns 2,786,172 shares of the exchange traded fund’s stock valued at $118,050,000 after purchasing an additional 313,816 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in iShares Silver Trust by 27.3% during the third quarter. Ameriprise Financial Inc. now owns 2,676,218 shares of the exchange traded fund’s stock worth $113,391,000 after purchasing an additional 573,660 shares in the last quarter. Bank of Montreal Can raised its holdings in iShares Silver Trust by 505.8% during the fourth quarter. Bank of Montreal Can now owns 2,218,970 shares of the exchange traded fund’s stock worth $142,946,000 after purchasing an additional 1,852,688 shares in the last quarter. Tableaux LLC purchased a new stake in shares of iShares Silver Trust during the 4th quarter worth approximately $133,233,000. Finally, Mainstay Capital Management LLC ADV lifted its position in shares of iShares Silver Trust by 82.5% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,824,479 shares of the exchange traded fund’s stock worth $117,533,000 after buying an additional 824,589 shares during the last quarter.
iShares Silver Trust Stock Performance
Shares of iShares Silver Trust stock opened at $59.51 on Friday. The company has a fifty day simple moving average of $67.85 and a 200-day simple moving average of $69.98. The stock has a market cap of $33.68 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12-month low of $32.06 and a 12-month high of $109.83.
About iShares Silver Trust
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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