Arvest Investments Inc. raised its holdings in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 8.5% during the first quarter, HoldingsChannel.com reports. The firm owned 71,929 shares of the exchange traded fund’s stock after buying an additional 5,618 shares during the period. Arvest Investments Inc.’s holdings in iShares Silver Trust were worth $2,229,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SLV. McClarren Financial Advisors Inc. raised its position in shares of iShares Silver Trust by 3,471.4% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 972 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $29,000. Ameriflex Group Inc. acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $30,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $31,000.
iShares Silver Trust Trading Down 0.8%
SLV stock opened at $32.95 on Thursday. The firm has a market cap of $16.66 billion, a P/E ratio of -8.51 and a beta of 0.56. iShares Silver Trust has a 12-month low of $24.25 and a 12-month high of $33.54. The stock’s 50 day simple moving average is $29.96 and its 200 day simple moving average is $29.07.
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.
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Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLV – Free Report).
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