AMG National Trust Bank raised its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 574,347 shares of the exchange traded fund’s stock after buying an additional 20,037 shares during the period. iShares Silver Trust comprises about 0.6% of AMG National Trust Bank’s investment portfolio, making the stock its 29th biggest holding. AMG National Trust Bank’s holdings in iShares Silver Trust were worth $9,183,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MD Financial Management Inc. bought a new position in iShares Silver Trust during the 4th quarter valued at $34,463,000. Virtu Financial LLC boosted its stake in iShares Silver Trust by 65.8% during the 3rd quarter. Virtu Financial LLC now owns 671,638 shares of the exchange traded fund’s stock valued at $9,989,000 after purchasing an additional 266,448 shares in the last quarter. Richard C. Young & CO. LTD. boosted its stake in iShares Silver Trust by 1.9% during the 3rd quarter. Richard C. Young & CO. LTD. now owns 545,534 shares of the exchange traded fund’s stock valued at $8,587,000 after purchasing an additional 9,945 shares in the last quarter. Vaughan David Investments Inc. IL boosted its stake in shares of iShares Silver Trust by 2,675.8% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 284,077 shares of the exchange traded fund’s stock worth $36,933,000 after acquiring an additional 273,843 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of iShares Silver Trust by 1.1% during the 3rd quarter. Advisor Group Inc. now owns 278,963 shares of the exchange traded fund’s stock worth $4,390,000 after acquiring an additional 3,087 shares in the last quarter.
Shares of iShares Silver Trust (NYSEARCA SLV) opened at $15.91 on Thursday. The firm has a market capitalization of $5,300.00 and a price-to-earnings ratio of -6.68. iShares Silver Trust has a one year low of $14.44 and a one year high of $17.59.
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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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