Keystone Financial Group Has $2.24 Million Stock Position in iShares Silver Trust $SLV

Keystone Financial Group increased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 115.2% in the 4th quarter, HoldingsChannel reports. The firm owned 34,788 shares of the exchange traded fund’s stock after acquiring an additional 18,619 shares during the period. Keystone Financial Group’s holdings in iShares Silver Trust were worth $2,241,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in iShares Silver Trust during the third quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust during the fourth quarter worth approximately $33,000. BOK Financial Private Wealth Inc. acquired a new stake in iShares Silver Trust during the fourth quarter worth approximately $34,000. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in 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 worth $37,000 after purchasing an additional 425 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new stake in iShares Silver Trust during the third quarter worth approximately $38,000.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $69.45 on Friday. The business has a 50 day simple moving average of $69.17 and a 200 day simple moving average of $67.48. iShares Silver Trust has a one year low of $29.78 and a one year high of $109.83. The stock has a market capitalization of $39.31 billion, a P/E ratio of -8.51 and a beta of 0.45.

iShares Silver Trust 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.