Horizon Bancorp Inc. IN Grows Stock Holdings in iShares Silver Trust (NYSEARCA:SLV)

Horizon Bancorp Inc. IN increased its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 12.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,556 shares of the exchange traded fund’s stock after purchasing an additional 808 shares during the period. Horizon Bancorp Inc. IN’s holdings in iShares Silver Trust were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in SLV. Pineridge Advisors LLC acquired a new position in iShares Silver Trust in the 4th quarter worth $22,687,000. Yong Rong HK Asset Management Ltd acquired a new position in shares of iShares Silver Trust in the fourth quarter worth about $10,890,000. Bleakley Financial Group LLC boosted its holdings in iShares Silver Trust by 27.5% in the fourth quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after purchasing an additional 397,836 shares during the last quarter. Simplicity Solutions LLC grew its stake in iShares Silver Trust by 26.2% during the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after purchasing an additional 383,336 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in iShares Silver Trust by 27.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,601,570 shares of the exchange traded fund’s stock worth $34,882,000 after purchasing an additional 343,004 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock traded up $0.87 during trading on Thursday, reaching $27.84. The company had a trading volume of 16,834,191 shares, compared to its average volume of 24,263,930. The company has a market cap of $13.07 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a fifty-two week low of $18.97 and a fifty-two week high of $29.56. The firm’s fifty day moving average is $26.84 and its 200-day moving average is $23.83.

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.