FARMERS & MERCHANTS TRUST Co OF LONG BEACH Buys New Stake in iShares Silver Trust $SLV

FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the 1st quarter, Holdings Channel.com reports. The firm purchased 40,538 shares of the exchange traded fund’s stock, valued at approximately $2,762,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewEdge Wealth LLC lifted its stake in iShares Silver Trust by 99.6% in the third quarter. NewEdge Wealth LLC now owns 43,195 shares of the exchange traded fund’s stock valued at $1,885,000 after buying an additional 21,551 shares during the last quarter. Ameliora Wealth Management Ltd. grew its position in shares of iShares Silver Trust by 15.4% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 86,670 shares of the exchange traded fund’s stock worth $5,583,000 after acquiring an additional 11,563 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of iShares Silver Trust by 33.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 37,770 shares of the exchange traded fund’s stock valued at $2,433,000 after acquiring an additional 9,391 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in iShares Silver Trust by 47.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,015 shares of the exchange traded fund’s stock valued at $1,869,000 after purchasing an additional 9,384 shares during the last quarter. Finally, Clare Market Investments LLC raised its position in iShares Silver Trust by 24.4% in the 3rd quarter. Clare Market Investments LLC now owns 48,610 shares of the exchange traded fund’s stock valued at $2,060,000 after purchasing an additional 9,525 shares during the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $59.51 on Monday. The stock has a market cap of $33.68 billion, a P/E ratio of -8.51 and a beta of 0.45. The firm has a fifty day moving average price of $67.85 and a 200 day moving average price of $70.11. iShares Silver Trust has a 1-year low of $32.06 and a 1-year high of $109.83.

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. 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.