Mcguire Capital Advisors Inc. bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,684 shares of the exchange traded fund’s stock, valued at approximately $1,526,000. iShares Silver Trust makes up approximately 1.0% of Mcguire Capital Advisors Inc.’s portfolio, making the stock its 27th biggest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLV. TBH Global Asset Management LLC increased its position in iShares Silver Trust by 1.5% during the 4th quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 104 shares during the period. Westside Investment Management Inc. lifted its position in shares of iShares Silver Trust by 23.4% in the 4th quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 130 shares during the period. JNBA Financial Advisors boosted its stake in shares of iShares Silver Trust by 1.2% during the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after purchasing an additional 132 shares in the last quarter. SouthState Bank Corp boosted its stake in shares of iShares Silver Trust by 29.6% during the 4th quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 148 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its position in shares of iShares Silver Trust by 1.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 10,112 shares of the exchange traded fund’s stock valued at $651,000 after buying an additional 150 shares during the period.
iShares Silver Trust Price Performance
SLV stock opened at $59.51 on Friday. iShares Silver Trust has a 1 year low of $32.06 and a 1 year high of $109.83. The company has a market cap of $33.68 billion, a P/E ratio of -8.51 and a beta of 0.45. The firm has a 50-day moving average of $68.01 and a 200 day moving average of $70.06.
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. 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.
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