Fifth Third Bancorp Purchases 120,920 Shares of iShares Silver Trust $SLV

Fifth Third Bancorp increased its position in iShares Silver Trust (NYSEARCA:SLV) by 127.1% in the first quarter, Holdings Channel.com reports. The fund owned 216,059 shares of the exchange traded fund’s stock after purchasing an additional 120,920 shares during the period. Fifth Third Bancorp’s holdings in iShares Silver Trust were worth $14,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sovran Advisors LLC boosted its stake in iShares Silver Trust by 10.3% during the 1st quarter. Sovran Advisors LLC now owns 99,807 shares of the exchange traded fund’s stock valued at $6,653,000 after purchasing an additional 9,298 shares during the last quarter. Compass Financial Services Inc raised its stake in shares of iShares Silver Trust by 1,941.4% in the first quarter. Compass Financial Services Inc now owns 4,838 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 4,601 shares during the last quarter. American Trust raised its stake in shares of iShares Silver Trust by 9.3% in the first quarter. American Trust now owns 10,231 shares of the exchange traded fund’s stock worth $697,000 after purchasing an additional 873 shares during the last quarter. Washburn Capital Management Inc. purchased a new position in shares of iShares Silver Trust in the first quarter worth $600,000. Finally, Simplicity Wealth LLC lifted its holdings in shares of iShares Silver Trust by 15.4% during the first quarter. Simplicity Wealth LLC now owns 19,282 shares of the exchange traded fund’s stock valued at $1,314,000 after purchasing an additional 2,572 shares in the last quarter.

iShares Silver Trust Price Performance

Shares of NYSEARCA:SLV opened at $53.17 on Wednesday. iShares Silver Trust has a 1 year low of $33.10 and a 1 year high of $109.83. The company has a market cap of $28.40 billion, a P/E ratio of -8.51 and a beta of 0.49. The stock’s fifty day moving average price is $62.74 and its 200-day moving average price is $69.69.

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.