Moneco Advisors LLC Has $4.66 Million Stock Holdings in iShares Silver Trust $SLV

Moneco Advisors LLC raised its holdings in iShares Silver Trust (NYSEARCA:SLVFree Report) by 104.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,322 shares of the exchange traded fund’s stock after acquiring an additional 36,882 shares during the quarter. Moneco Advisors LLC’s holdings in iShares Silver Trust were worth $4,659,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $32,000. Rialto Wealth Management LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at approximately $33,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in iShares Silver Trust by 274.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 580 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 425 shares during the last quarter. Hopwood Financial Services Inc. acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $38,000. Finally, Bangor Savings Bank acquired a new stake in iShares Silver Trust in the fourth quarter valued at approximately $38,000.

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iShares Silver Trust Stock Up 1.0%

NYSEARCA SLV opened at $79.35 on Thursday. The stock has a market capitalization of $44.91 billion, a PE ratio of -8.51 and a beta of 0.45. The company has a 50 day moving average price of $69.95 and a two-hundred day moving average price of $66.36. iShares Silver Trust has a 12-month low of $29.09 and a 12-month high of $109.83.

iShares Silver Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

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