Welch Group LLC Boosts Position in iShares Silver Trust $SLV

Welch Group LLC increased its stake in iShares Silver Trust (NYSEARCA:SLV) by 20.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 26,043 shares of the exchange traded fund’s stock after acquiring an additional 4,476 shares during the quarter. Welch Group LLC’s holdings in iShares Silver Trust were worth $854,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC increased its position in iShares Silver Trust by 1.0% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 29,760 shares of the exchange traded fund’s stock valued at $976,000 after purchasing an additional 300 shares during the period. Financial Management Professionals Inc. grew its position in shares of iShares Silver Trust by 37.6% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,105 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 302 shares during the last quarter. Revisor Wealth Management LLC grew its position in shares of iShares Silver Trust by 1.7% in the 2nd quarter. Revisor Wealth Management LLC now owns 18,013 shares of the exchange traded fund’s stock worth $608,000 after buying an additional 306 shares during the last quarter. Kiley Juergens Wealth Management LLC grew its position in shares of iShares Silver Trust by 1.9% in the 1st quarter. Kiley Juergens Wealth Management LLC now owns 19,193 shares of the exchange traded fund’s stock worth $595,000 after buying an additional 360 shares during the last quarter. Finally, Whittier Trust Co. grew its position in shares of iShares Silver Trust by 1.2% in the 1st quarter. Whittier Trust Co. now owns 30,045 shares of the exchange traded fund’s stock worth $931,000 after buying an additional 361 shares during the last quarter.

iShares Silver Trust Stock Up 1.6%

Shares of iShares Silver Trust stock opened at $45.43 on Monday. The firm’s 50 day moving average price is $37.97 and its 200-day moving average price is $33.75. iShares Silver Trust has a 52-week low of $26.19 and a 52-week high of $46.35. The company has a market cap of $24.78 billion, a P/E ratio of -8.51 and a beta of 0.59.

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.