Providence First Trust Co Invests $1.17 Million in iShares Silver Trust $SLV

Providence First Trust Co acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,080 shares of the exchange traded fund’s stock, valued at approximately $1,165,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TBH Global Asset Management LLC increased its stake in iShares Silver Trust by 1.5% in the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 104 shares in the last quarter. Westside Investment Management Inc. increased its stake in iShares Silver Trust by 23.4% during the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares in the last quarter. JNBA Financial Advisors increased its stake in iShares Silver Trust by 1.2% during the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 132 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in iShares Silver Trust by 1.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock worth $651,000 after purchasing an additional 150 shares in the last quarter. Finally, Wealthstar Advisors LLC raised its holdings in iShares Silver Trust by 3.0% during the 4th quarter. Wealthstar Advisors LLC now owns 5,237 shares of the exchange traded fund’s stock worth $337,000 after buying an additional 153 shares during the period.

iShares Silver Trust News Roundup

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

iShares Silver Trust Stock Down 0.0%

iShares Silver Trust stock opened at $65.91 on Wednesday. The stock has a market capitalization of $37.31 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a twelve month low of $29.09 and a twelve month high of $109.83. The company has a 50 day moving average of $70.67 and a 200-day moving average of $65.13.

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.

Further Reading

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

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