First International Bank & Trust Makes New Investment in iShares Silver Trust $SLV

First International Bank & Trust purchased a new stake in iShares Silver Trust (NYSEARCA:SLV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,066 shares of the exchange traded fund’s stock, valued at approximately $527,000.

Several other hedge funds also recently made changes to their positions in SLV. Brighton Jones LLC increased its position in shares of iShares Silver Trust by 9.2% during the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares in the last quarter. Northern Trust Corp grew its stake in iShares Silver Trust by 1.6% during the 4th quarter. Northern Trust Corp now owns 39,415 shares of the exchange traded fund’s stock worth $1,038,000 after buying an additional 621 shares during the last quarter. Bison Wealth LLC acquired a new position in iShares Silver Trust during the fourth quarter worth approximately $238,000. Snowden Capital Advisors LLC lifted its stake in iShares Silver Trust by 10.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 57,790 shares of the exchange traded fund’s stock valued at $1,522,000 after buying an additional 5,273 shares during the last quarter. Finally, Torno Capital LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $790,000.

iShares Silver Trust Trading Up 1.5%

Shares of SLV opened at $38.34 on Monday. The company’s 50 day simple moving average is $35.10 and its 200-day simple moving average is $32.14. The firm has a market cap of $20.58 billion, a PE ratio of -8.51 and a beta of 0.59. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $38.45.

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.