Florida Financial Advisors LLC bought a new stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,859 shares of the exchange traded fund’s stock, valued at approximately $286,000.
A number of other hedge funds have also made changes to their positions in SLV. Eagle Bay Advisors LLC purchased a new stake in shares of iShares Silver Trust in the fourth quarter valued at about $25,000. Key Client Fiduciary Advisors LLC lifted its stake in iShares Silver Trust by 406.5% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 4,825 shares in the last quarter. McClarren Financial Advisors Inc. grew its holdings in iShares Silver Trust by 3,471.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 972 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in iShares Silver Trust during the 4th quarter valued at $29,000. Finally, Smartleaf Asset Management LLC increased its position in iShares Silver Trust by 671.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 1,115 shares in the last quarter.
iShares Silver Trust Stock Up 2.1 %
SLV opened at $30.58 on Wednesday. The firm has a market cap of $14.63 billion, a P/E ratio of -8.87 and a beta of 0.73. The business’s fifty day simple moving average is $29.18 and its 200 day simple moving average is $28.58. iShares Silver Trust has a 52 week low of $22.29 and a 52 week high of $31.80.
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.
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