First Command Financial Services Inc. raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 3.6% during the 1st quarter, Holdings Channel reports. The firm owned 28,620 shares of the exchange traded fund’s stock after buying an additional 1,000 shares during the quarter. First Command Financial Services Inc.’s holdings in iShares Silver Trust were worth $406,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont grew its stake in shares of iShares Silver Trust by 724.7% during the fourth quarter. Trust Co. of Vermont now owns 2,474 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 2,174 shares during the last quarter. Essex Savings Bank purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $38,000. IndexIQ Advisors LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $45,000. Executive Wealth Management LLC purchased a new stake in iShares Silver Trust in the fourth quarter valued at approximately $46,000. Finally, Truvestments Capital LLC purchased a new stake in iShares Silver Trust in the first quarter valued at approximately $46,000.
NYSEARCA SLV traded up $0.01 during trading hours on Monday, reaching $14.06. The stock had a trading volume of 10,211,682 shares, compared to its average volume of 7,823,075. iShares Silver Trust has a 52-week low of $13.11 and a 52-week high of $16.35.
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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