Trust Co. of Vermont Takes $670,000 Position in iShares Silver Trust $SLV

Trust Co. of Vermont acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the second quarter, HoldingsChannel reports. The fund acquired 12,524 shares of the exchange traded fund’s stock, valued at approximately $670,000.

Several other large investors have also made changes to their positions in the company. Axiom Investment Management LLC purchased a new stake in iShares Silver Trust during the first quarter valued at about $26,000. West Branch Capital LLC acquired a new stake in iShares Silver Trust during the second quarter worth about $27,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust in the 4th quarter worth about $30,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of iShares Silver Trust in the 4th quarter worth about $32,000. Finally, Redwood Park Advisors LLC raised its holdings in shares of iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares during the period.

iShares Silver Trust Price Performance

NYSEARCA SLV opened at $57.44 on Wednesday. iShares Silver Trust has a 1-year low of $33.85 and a 1-year high of $109.83. The firm has a market capitalization of $30.68 billion, a P/E ratio of -8.51 and a beta of 0.50. The business’s 50-day simple moving average is $55.39 and its 200-day simple moving average is $65.48.

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.