Econ Financial Services Corp Invests $1.64 Million in iShares Silver Trust (NYSEARCA:SLV)

Econ Financial Services Corp bought a new stake in iShares Silver Trust (NYSEARCA:SLV) during the first quarter, according to its most recent filing with the SEC. The firm bought 72,067 shares of the exchange traded fund’s stock, valued at approximately $1,640,000.

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

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV traded down $0.04 during trading hours on Monday, reaching $25.45. The stock had a trading volume of 16,540,063 shares, compared to its average volume of 23,494,508. The company has a market cap of $11.94 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a twelve month low of $18.97 and a twelve month high of $29.56. The business’s fifty day moving average is $27.38 and its two-hundred day moving average is $24.54.

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.