Cypress Capital Group Makes New $233,000 Investment in iShares Silver Trust (NYSEARCA:SLV)

Cypress Capital Group purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the second quarter, Holdings Channel.com reports. The firm purchased 8,769 shares of the exchange traded fund’s stock, valued at approximately $233,000.

Several other institutional investors have also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC lifted its holdings in shares of iShares Silver Trust by 17.7% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,552 shares of the exchange traded fund’s stock worth $317,000 after acquiring an additional 2,192 shares during the last quarter. Meritage Portfolio Management boosted its position in iShares Silver Trust by 52.9% during the fourth quarter. Meritage Portfolio Management now owns 32,886 shares of the exchange traded fund’s stock valued at $716,000 after buying an additional 11,381 shares during the period. Truist Financial Corp boosted its position in iShares Silver Trust by 1.2% during the fourth quarter. Truist Financial Corp now owns 335,991 shares of the exchange traded fund’s stock valued at $7,318,000 after buying an additional 3,889 shares during the period. Total Investment Management Inc. lifted its stake in shares of iShares Silver Trust by 4.6% in the 4th quarter. Total Investment Management Inc. now owns 1,039,110 shares of the exchange traded fund’s stock valued at $22,632,000 after acquiring an additional 46,130 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in iShares Silver Trust during the 4th quarter valued at about $3,743,000.

iShares Silver Trust Trading Up 0.1 %

Shares of NYSEARCA:SLV traded up $0.02 during trading on Monday, reaching $27.22. 3,983,886 shares of the company traded hands, compared to its average volume of 22,890,836. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $29.56. The business’s fifty day moving average is $26.65 and its 200-day moving average is $25.21. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.

About iShares Silver Trust

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.