Scarborough Advisors LLC bought a new position in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,777 shares of the exchange traded fund’s stock, valued at approximately $148,000.
A number of other hedge funds have also recently added to or reduced their stakes in SLV. VisionPoint Advisory Group LLC purchased a new position in shares of iShares Silver Trust in the 3rd quarter worth $25,000. Asset Dedication LLC lifted its position in iShares Silver Trust by 180.5% during the third quarter. Asset Dedication LLC now owns 1,442 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 928 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in iShares Silver Trust during the fourth quarter worth approximately $34,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of iShares Silver Trust in the fourth quarter worth $34,000. Finally, BKM Wealth Management LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter valued at $38,000.
iShares Silver Trust Trading Up 2.2 %
NYSEARCA:SLV opened at $27.01 on Monday. The firm’s fifty day simple moving average is $26.44 and its 200 day simple moving average is $23.36. iShares Silver Trust has a twelve month low of $18.97 and a twelve month high of $29.56. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43.
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.
See Also
Receive News & Ratings for iShares Silver Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for iShares Silver Trust and related companies with MarketBeat.com’s FREE daily email newsletter.