Arete Wealth Advisors LLC Buys 1,171 Shares of iShares Silver Trust (NYSEARCA:SLV)

Arete Wealth Advisors LLC increased its stake in iShares Silver Trust (NYSEARCA:SLV) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 58,653 shares of the exchange traded fund’s stock after purchasing an additional 1,171 shares during the period. Arete Wealth Advisors LLC’s holdings in iShares Silver Trust were worth $1,545,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SLV. Prosperity Financial Group Inc. increased its position in shares of iShares Silver Trust by 3.6% in the fourth quarter. Prosperity Financial Group Inc. now owns 9,972 shares of the exchange traded fund’s stock valued at $263,000 after acquiring an additional 349 shares during the period. Banco BTG Pactual S.A. increased its holdings in iShares Silver Trust by 0.3% during the 4th quarter. Banco BTG Pactual S.A. now owns 119,560 shares of the exchange traded fund’s stock valued at $3,220,000 after purchasing an additional 350 shares during the period. Riggs Asset Managment Co. Inc. raised its position in iShares Silver Trust by 4.3% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 8,838 shares of the exchange traded fund’s stock valued at $234,000 after purchasing an additional 364 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in iShares Silver Trust by 4.6% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,472 shares of the exchange traded fund’s stock worth $223,000 after buying an additional 372 shares during the period. Finally, Strategic Blueprint LLC grew its position in shares of iShares Silver Trust by 4.3% in the 4th quarter. Strategic Blueprint LLC now owns 9,584 shares of the exchange traded fund’s stock worth $252,000 after buying an additional 392 shares during the last quarter.

iShares Silver Trust Stock Performance

SLV opened at $28.89 on Friday. The stock’s 50 day moving average price is $29.56 and its 200-day moving average price is $28.75. iShares Silver Trust has a 52-week low of $23.87 and a 52-week high of $31.80. The stock has a market capitalization of $14.23 billion, a PE ratio of -8.96 and a beta of 0.59.

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.