Riggs Asset Managment Co. Inc. boosted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 109.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,533 shares of the exchange traded fund’s stock after purchasing an additional 9,695 shares during the quarter. Riggs Asset Managment Co. Inc.’s holdings in iShares Silver Trust were worth $574,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smallwood Wealth Investment Management LLC purchased a new position in iShares Silver Trust during the 1st quarter valued at approximately $25,000. Anderson Financial Strategies LLC purchased a new position in iShares Silver Trust during the 4th quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in iShares Silver Trust during the 4th quarter valued at approximately $30,000. Vermillion Wealth Management Inc. purchased a new position in iShares Silver Trust during the 4th quarter valued at approximately $31,000. Finally, Kentucky Trust Co grew its holdings in iShares Silver Trust by 185.7% during the 1st quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 650 shares in the last quarter.
iShares Silver Trust Price Performance
NYSEARCA SLV opened at $33.51 on Friday. The stock has a market capitalization of $17.60 billion, a PE ratio of -8.51 and a beta of 0.59. The business has a 50 day simple moving average of $31.35 and a two-hundred day simple moving average of $29.67. iShares Silver Trust has a 1-year low of $24.25 and a 1-year high of $33.87.
iShares Silver Trust Company 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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