Strategic Financial Concepts LLC acquired a new position in iShares Silver Trust (NYSEARCA:SLV – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 101,039 shares of the exchange traded fund’s stock, valued at approximately $2,660,000.
Other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new stake in iShares Silver Trust during the fourth quarter worth $25,000. Key Client Fiduciary Advisors LLC raised its position in shares of iShares Silver Trust by 406.5% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 4,825 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of iShares Silver Trust during the 3rd quarter worth about $28,000. Jamison Private Wealth Management Inc. acquired a new stake in shares of iShares Silver Trust during the 3rd quarter valued at about $31,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at about $35,000.
iShares Silver Trust Trading Down 1.2 %
NYSEARCA SLV opened at $29.03 on Monday. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a twelve month low of $20.11 and a twelve month high of $31.80. The stock has a 50-day moving average of $27.77 and a 200 day moving average of $27.75.
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.
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