L & S Advisors Inc Makes New $5.22 Million Investment in iShares Silver Trust $SLV

L & S Advisors Inc bought a new position in iShares Silver Trust (NYSEARCA:SLVFree Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 80,950 shares of the exchange traded fund’s stock, valued at approximately $5,215,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in iShares Silver Trust in the third quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust in the fourth quarter worth approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in iShares Silver Trust by 274.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 425 shares during the period. Hopwood Financial Services Inc. acquired a new stake in iShares Silver Trust in the third quarter worth approximately $38,000. Finally, Bangor Savings Bank acquired a new stake in iShares Silver Trust in the fourth quarter worth approximately $38,000.

iShares Silver Trust Price Performance

SLV opened at $69.04 on Friday. The company has a market capitalization of $39.08 billion, a price-to-earnings 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 business has a 50 day moving average price of $69.84 and a two-hundred day moving average price of $66.60.

iShares Silver Trust News Summary

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

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.

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

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