Geneos Wealth Management Inc. Grows Position in iShares Silver Trust (NYSEARCA:SLV)

Geneos Wealth Management Inc. raised its stake in iShares Silver Trust (NYSEARCA:SLV) by 10.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,547 shares of the exchange traded fund’s stock after purchasing an additional 2,888 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares Silver Trust were worth $831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in iShares Silver Trust in the 4th quarter valued at about $25,000. Key Client Fiduciary Advisors LLC grew its holdings in shares of iShares Silver Trust by 406.5% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 4,825 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in shares of iShares Silver Trust in the third quarter valued at approximately $28,000. Jamison Private Wealth Management Inc. purchased a new position in shares of iShares Silver Trust during the third quarter valued at approximately $31,000. Finally, Peoples Bank KS boosted its position in iShares Silver Trust by 334.5% during the third quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 970 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of SLV opened at $27.46 on Tuesday. iShares Silver Trust has a fifty-two week low of $20.11 and a fifty-two week high of $31.80. The company has a market capitalization of $12.89 billion, a PE ratio of -7.01 and a beta of 0.43. The stock has a fifty day moving average of $27.62 and a two-hundred day moving average of $27.66.

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.