Keynote Financial Services LLC Makes New Investment in iShares Silver Trust (NYSEARCA:SLV)

Keynote Financial Services LLC purchased a new position in iShares Silver Trust (NYSEARCA:SLV) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,438 shares of the exchange traded fund’s stock, valued at approximately $351,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at $26,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at $34,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at $34,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at $42,000. Finally, Pingora Partners LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at $44,000.

iShares Silver Trust Stock Performance

NYSEARCA:SLV traded up $0.01 during midday trading on Friday, reaching $26.04. 25,324,992 shares of the stock traded hands, compared to its average volume of 23,422,461. The company has a fifty day moving average of $27.21 and a 200 day moving average of $24.66. iShares Silver Trust has a 12 month low of $18.97 and a 12 month high of $29.56. The stock has a market capitalization of $12.22 billion, a P/E ratio of -7.01 and a beta of 0.43.

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.