Thomasville National Bank purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 9,220 shares of the exchange traded fund’s stock, valued at approximately $493,000.
Several other large investors have also added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new position in shares of iShares Silver Trust in the first quarter valued at about $26,000. West Branch Capital LLC acquired a new stake in shares of iShares Silver Trust during the second quarter worth about $27,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth about $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $32,000. Finally, Redwood Park Advisors LLC boosted its position in iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares during the last quarter.
iShares Silver Trust Trading Up 0.9%
Shares of NYSEARCA:SLV opened at $59.06 on Thursday. iShares Silver Trust has a twelve month low of $33.85 and a twelve month high of $109.83. The company has a market cap of $31.54 billion, a PE ratio of -8.51 and a beta of 0.50. The company’s 50 day moving average is $55.70 and its 200 day moving average is $66.64.
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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