Independent Financial Group LLC purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 160,095 shares of the exchange traded fund’s stock, valued at approximately $10,909,000.
A number of other large investors also recently modified their holdings of SLV. Brighton Jones LLC grew its stake in shares of iShares Silver Trust by 9.2% during the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at $238,000. Capstone Wealth Management Group LLC acquired a new stake in iShares Silver Trust in the first quarter valued at $443,000. Schnieders Capital Management LLC. raised its stake in iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock valued at $327,000 after buying an additional 1,300 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in iShares Silver Trust during the 2nd quarter worth about $886,000.
iShares Silver Trust Stock Performance
NYSEARCA:SLV opened at $50.39 on Friday. The stock has a 50-day simple moving average of $61.95 and a 200-day simple moving average of $69.46. The stock has a market cap of $26.91 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 1 year low of $33.10 and a 1 year high of $109.83.
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. 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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