Providence First Trust Co Makes New Investment in iShares Silver Trust $SLV

Providence First Trust Co purchased a new stake in iShares Silver Trust (NYSEARCA:SLVFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,080 shares of the exchange traded fund’s stock, valued at approximately $1,165,000.

Other large investors have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust during the 4th quarter worth about $33,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake 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 valued at $37,000 after acquiring an additional 425 shares during the period. Bangor Savings Bank bought a new position in iShares Silver Trust in the fourth quarter valued at about $38,000. American National Bank & Trust increased its position in iShares Silver Trust by 96.7% in the fourth quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 290 shares during the period. Finally, Wells Financial Advisors INC bought a new stake in iShares Silver Trust during the 4th quarter worth about $39,000.

Key Stories Impacting iShares Silver Trust

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iShares Silver Trust Trading Down 0.0%

iShares Silver Trust stock opened at $65.91 on Wednesday. The company has a market cap of $37.31 billion, a PE ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 1 year low of $29.09 and a 1 year high of $109.83. The company’s 50-day moving average is $70.67 and its two-hundred day moving average is $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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