Confluence Investment Management LLC Invests $595,000 in iShares Silver Trust (NYSEARCA:SLV)

Confluence Investment Management LLC purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,608 shares of the exchange traded fund’s stock, valued at approximately $595,000.

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

iShares Silver Trust Trading Up 2.3 %

Shares of NYSEARCA SLV opened at $26.93 on Friday. The business’s 50 day moving average is $28.17 and its 200-day moving average is $27.63. 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 has a 1-year low of $20.07 and a 1-year high of $31.80.

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.