iShares Silver Trust $SLV Stock Holdings Raised by Cibc World Market Inc.

Cibc World Market Inc. raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 36.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 72,028 shares of the exchange traded fund’s stock after acquiring an additional 19,189 shares during the period. Cibc World Market Inc.’s holdings in iShares Silver Trust were worth $4,640,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust in the 4th quarter worth about $30,000. Rialto Wealth Management LLC bought a new stake in iShares Silver Trust during the fourth quarter valued at $33,000. BOK Financial Private Wealth Inc. bought a new stake in iShares Silver Trust during the fourth quarter valued at $34,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in iShares Silver Trust by 274.2% during 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 purchasing an additional 425 shares during the last quarter. Finally, Bangor Savings Bank bought a new stake in iShares Silver Trust during the fourth quarter valued at $38,000.

iShares Silver Trust Price Performance

SLV stock opened at $61.57 on Monday. iShares Silver Trust has a 1-year low of $32.06 and a 1-year high of $109.83. The firm has a fifty day moving average price of $68.82 and a two-hundred day moving average price of $69.20. The firm has a market cap of $34.85 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

About iShares Silver Trust

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.