Fifth Third Bancorp Acquires 120,920 Shares of iShares Silver Trust $SLV

Fifth Third Bancorp raised its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 127.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,059 shares of the exchange traded fund’s stock after purchasing an additional 120,920 shares during the period. Fifth Third Bancorp’s holdings in iShares Silver Trust were worth $14,722,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SLV. Sarver Vrooman Wealth Advisors bought a new stake in shares of iShares Silver Trust in the 4th quarter worth approximately $30,000. Intesa Sanpaolo Wealth Management bought a new position in iShares Silver Trust during the 4th quarter valued at approximately $32,000. Rialto Wealth Management LLC bought a new position in iShares Silver Trust during the 4th quarter valued at approximately $33,000. Redwood Park Advisors LLC raised its stake in iShares Silver Trust by 106.4% during the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 266 shares during the last quarter. Finally, Sfam LLC purchased a new position in iShares Silver Trust during the fourth quarter valued at $33,000.

iShares Silver Trust Trading Up 1.9%

NYSEARCA SLV opened at $53.17 on Wednesday. iShares Silver Trust has a 12 month low of $33.10 and a 12 month high of $109.83. The stock has a market cap of $28.40 billion, a P/E ratio of -8.51 and a beta of 0.49. The stock’s fifty day moving average price is $62.74 and its 200-day moving average price is $69.69.

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.