AMG National Trust Bank Has $25.61 Million Stock Holdings in iShares Silver Trust $SLV

AMG National Trust Bank decreased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 397,605 shares of the exchange traded fund’s stock after selling 23,519 shares during the period. AMG National Trust Bank owned about 0.07% of iShares Silver Trust worth $25,614,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC acquired a new position in shares of iShares Silver Trust in the 4th quarter worth approximately $33,000. Bangor Savings Bank acquired a new stake in iShares Silver Trust in the 4th quarter valued at $38,000. American National Bank & Trust boosted its stake in iShares Silver Trust by 96.7% in the 4th quarter. American National Bank & Trust now owns 590 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 290 shares in the last quarter. Daytona Street Capital LLC bought a new stake in iShares Silver Trust in the fourth quarter valued at $41,000. Finally, Westside Investment Management Inc. grew its position in iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 130 shares during the period.

iShares Silver Trust Price Performance

iShares Silver Trust stock opened at $68.33 on Tuesday. The firm has a market capitalization of $38.67 billion, a P/E ratio of -8.51 and a beta of 0.52. The stock has a fifty day moving average price of $71.08 and a two-hundred day moving average price of $64.59. iShares Silver Trust has a 52-week low of $29.04 and a 52-week high of $109.83.

iShares Silver Trust 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. 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.