Keystone Financial Group raised its position in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 115.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,788 shares of the exchange traded fund’s stock after purchasing an additional 18,619 shares during the quarter. Keystone Financial Group’s holdings in iShares Silver Trust were worth $2,241,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. acquired a new stake in shares of iShares Silver Trust in the third quarter valued at about $32,000. Rialto Wealth Management LLC acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $33,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $34,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of 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 buying an additional 425 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of iShares Silver Trust in the third quarter valued at about $38,000.
iShares Silver Trust Trading Up 1.0%
Shares of SLV stock opened at $69.45 on Friday. The stock has a market cap of $39.31 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The stock has a 50-day moving average of $69.17 and a 200-day moving average of $67.48. iShares Silver Trust has a 1-year low of $29.78 and a 1-year high of $109.83.
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. 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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