Citizens Financial Group Inc. RI Acquires New Position in iShares Silver Trust (NYSEARCA:SLV)

Citizens Financial Group Inc. RI acquired a new stake in iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 171,846 shares of the exchange traded fund’s stock, valued at approximately $3,743,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC acquired a new stake in shares of iShares Silver Trust in the third quarter valued at about $25,000. BluePath Capital Management LLC acquired a new stake in shares of iShares Silver Trust in the third quarter valued at about $26,000. Asset Dedication LLC lifted its stake in shares of iShares Silver Trust by 180.5% in the third quarter. Asset Dedication LLC now owns 1,442 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 928 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in iShares Silver Trust during the 4th quarter valued at about $34,000. Finally, BKM Wealth Management LLC purchased a new position in iShares Silver Trust during the 4th quarter valued at about $38,000.

iShares Silver Trust Stock Performance

NYSEARCA:SLV traded down $0.17 during mid-day trading on Friday, hitting $24.89. 26,821,268 shares of the company’s stock traded hands, compared to its average volume of 23,990,773. The firm’s 50 day simple moving average is $23.19 and its 200 day simple moving average is $21.92. iShares Silver Trust has a 1 year low of $18.97 and a 1 year high of $27.24. The company has a market cap of $11.81 billion, a PE ratio of -7.62 and a beta of 0.46.

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.