Primoris Wealth Advisors LLC Increases Stock Position in iShares Silver Trust (NYSEARCA:SLV)

Primoris Wealth Advisors LLC increased its holdings in iShares Silver Trust (NYSEARCA:SLV) by 29.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,975 shares of the exchange traded fund’s stock after acquiring an additional 4,315 shares during the quarter. Primoris Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $573,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Anderson Financial Strategies LLC purchased a new stake in iShares Silver Trust during the 4th quarter valued at approximately $26,000. Kentucky Trust Co increased its holdings in shares of iShares Silver Trust by 185.7% in the first quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 650 shares during the period. Trifecta Capital Advisors LLC purchased a new stake in shares of iShares Silver Trust during the first quarter worth approximately $31,000. Ameriflex Group Inc. acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth $30,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth $31,000.

iShares Silver Trust Price Performance

NYSEARCA:SLV opened at $33.34 on Friday. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. The firm’s fifty day moving average price is $30.98 and its 200 day moving average price is $29.45. iShares Silver Trust has a 1-year low of $24.25 and a 1-year high of $33.87.

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.