Confluence Investment Management LLC Takes Position in iShares Silver Trust (NYSEARCA:SLV)

Confluence Investment Management LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 22,608 shares of the exchange traded fund’s stock, valued at approximately $595,000.

A number of other large investors have also added to or reduced their stakes in the stock. Spartan Fund Management Inc. bought a new stake in shares of iShares Silver Trust during the 3rd quarter valued at $28,000. Jamison Private Wealth Management Inc. bought a new position in shares of iShares Silver Trust in the third quarter worth $31,000. Strategic Financial Concepts LLC acquired a new position in iShares Silver Trust in the second quarter valued at about $32,000. Key Client Fiduciary Advisors LLC lifted its position in iShares Silver Trust by 91.6% during the third quarter. Key Client Fiduciary Advisors LLC now owns 5,187 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 2,480 shares during the period. Finally, Peoples Bank KS grew its stake in iShares Silver Trust by 334.5% during the third quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 970 shares in the last quarter.

iShares Silver Trust Stock Up 2.3 %

SLV stock opened at $26.93 on Friday. The company’s 50-day moving average price is $28.17 and its two-hundred day moving average price is $27.63. iShares Silver Trust has a 12 month low of $20.07 and a 12 month high of $31.80. The firm has a market cap of $12.64 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.