L & S Advisors Inc Takes Position in iShares Silver Trust $SLV

L & S Advisors Inc bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 80,950 shares of the exchange traded fund’s stock, valued at approximately $5,215,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in shares of iShares Silver Trust during the fourth quarter worth approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of 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 during the period. Bangor Savings Bank acquired a new position in shares of iShares Silver Trust during the fourth quarter worth approximately $38,000. American National Bank & Trust boosted its position in shares of iShares Silver Trust by 96.7% during the fourth quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 290 shares during the period. Finally, Wells Financial Advisors INC acquired a new position in shares of iShares Silver Trust during the fourth quarter worth approximately $39,000.

iShares Silver Trust Trading Down 8.6%

Shares of NYSEARCA SLV opened at $69.04 on Friday. The stock has a 50 day simple moving average of $69.84 and a 200-day simple moving average of $66.60. The company has a market cap of $39.08 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12-month low of $29.09 and a 12-month high of $109.83.

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iShares Silver Trust Profile

(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.

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

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