Silver Oak Securities Incorporated Buys 10,176 Shares of iShares Silver Trust $SLV

Silver Oak Securities Incorporated raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 25.2% during the first quarter, HoldingsChannel reports. The fund owned 50,561 shares of the exchange traded fund’s stock after buying an additional 10,176 shares during the period. Silver Oak Securities Incorporated’s holdings in iShares Silver Trust were worth $3,445,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TBH Global Asset Management LLC grew its position in iShares Silver Trust by 1.5% during the 4th 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 during the last quarter. Westside Investment Management Inc. raised its holdings in iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 130 shares during the last quarter. JNBA Financial Advisors raised its holdings in iShares Silver Trust by 1.2% in the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after buying an additional 132 shares during the last quarter. SouthState Bank Corp lifted its stake in shares of iShares Silver Trust by 29.6% in the fourth quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 148 shares in the last quarter. Finally, Swisher Financial Concepts Inc. lifted its stake in shares of iShares Silver Trust by 0.8% in the first quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock worth $1,208,000 after buying an additional 148 shares in the last quarter.

iShares Silver Trust Stock Down 7.1%

NYSEARCA:SLV opened at $51.78 on Thursday. The stock has a market cap of $29.31 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. The company’s 50 day moving average price is $67.07 and its 200-day moving average price is $70.17. iShares Silver Trust has a 52 week low of $32.49 and a 52 week 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.