67,668 Shares in iShares Silver Trust $SLV Acquired by Tepp RIA LLC

Tepp RIA LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 67,668 shares of the exchange traded fund’s stock, valued at approximately $4,359,000. iShares Silver Trust makes up approximately 4.3% of Tepp RIA LLC’s portfolio, making the stock its 7th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in SLV. Raleigh Capital Management Inc. purchased a new position in iShares Silver Trust during the third quarter worth approximately $32,000. Rialto Wealth Management LLC purchased a new position in iShares Silver Trust during the fourth quarter worth approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in iShares Silver Trust by 274.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 425 shares in the last quarter. Hopwood Financial Services Inc. purchased a new position in iShares Silver Trust during the third quarter worth approximately $38,000. Finally, Bangor Savings Bank purchased a new position in iShares Silver Trust during the fourth quarter worth approximately $38,000.

iShares Silver Trust News Roundup

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $78.55 on Wednesday. iShares Silver Trust has a one year low of $29.09 and a one year high of $109.83. The company has a market cap of $44.46 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The business’s 50 day moving average price is $69.99 and its 200 day moving average price is $66.11.

About iShares Silver Trust

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.