Essex Financial Services Inc. grew its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 11.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 48,176 shares of the exchange traded fund’s stock after acquiring an additional 5,016 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares Silver Trust were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in SLV. VisionPoint Advisory Group LLC acquired a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $25,000. BluePath Capital Management LLC bought a new position in iShares Silver Trust in the 3rd quarter valued at approximately $26,000. Asset Dedication LLC lifted its stake in iShares Silver Trust by 180.5% in the 3rd quarter. Asset Dedication LLC now owns 1,442 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 928 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in iShares Silver Trust in the 4th quarter valued at approximately $34,000. Finally, BKM Wealth Management LLC bought a new position in iShares Silver Trust in the 4th quarter valued at approximately $38,000.
iShares Silver Trust Price Performance
Shares of NYSEARCA:SLV opened at $24.26 on Thursday. The company has a market cap of $11.39 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The firm has a 50 day simple moving average of $23.46 and a 200 day simple moving average of $22.06. iShares Silver Trust has a one year low of $18.97 and a one year high of $27.24.
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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