Citizens Financial Group Inc. RI Invests $3.74 Million in iShares Silver Trust (NYSEARCA:SLV)

Citizens Financial Group Inc. RI purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 171,846 shares of the exchange traded fund’s stock, valued at approximately $3,743,000.

Several other institutional investors have also modified their holdings of the company. Bleakley Financial Group LLC lifted its holdings in iShares Silver Trust by 27.5% in the fourth quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after purchasing an additional 397,836 shares during the period. Simplicity Solutions LLC lifted its holdings in iShares Silver Trust by 26.2% in the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after acquiring an additional 383,336 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in iShares Silver Trust by 11.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,298,815 shares of the exchange traded fund’s stock valued at $28,288,000 after buying an additional 132,729 shares in the last quarter. Total Investment Management Inc. lifted its stake in iShares Silver Trust by 4.6% during the fourth quarter. Total Investment Management Inc. now owns 1,039,110 shares of the exchange traded fund’s stock valued at $22,632,000 after buying an additional 46,130 shares in the last quarter. Finally, ARS Wealth Advisors Group LLC lifted its stake in iShares Silver Trust by 6.3% during the third quarter. ARS Wealth Advisors Group LLC now owns 490,416 shares of the exchange traded fund’s stock valued at $9,975,000 after buying an additional 29,107 shares in the last quarter.

iShares Silver Trust Trading Down 0.7 %

SLV stock traded down $0.17 during mid-day trading on Friday, reaching $24.89. 26,821,268 shares of the stock traded hands, compared to its average volume of 23,990,773. iShares Silver Trust has a 52-week low of $18.97 and a 52-week high of $27.24. The company has a market cap of $11.81 billion, a P/E ratio of -7.62 and a beta of 0.46. The stock’s fifty day moving average is $23.19 and its 200-day moving average is $21.92.

iShares Silver Trust Company 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.