Crescent Grove Advisors LLC Grows Position in iShares Silver Trust $SLV

Crescent Grove Advisors LLC raised its position in iShares Silver Trust (NYSEARCA:SLV) by 101.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,723 shares of the exchange traded fund’s stock after purchasing an additional 31,636 shares during the quarter. Crescent Grove Advisors LLC’s holdings in iShares Silver Trust were worth $4,041,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TBH Global Asset Management LLC grew its stake in shares of iShares Silver Trust by 1.5% in the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after buying an additional 104 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of iShares Silver Trust by 23.4% in the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 130 shares in the last quarter. JNBA Financial Advisors grew its stake in shares of iShares Silver Trust by 1.2% in the fourth quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 132 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of iShares Silver Trust by 1.5% in 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 in the last quarter. Finally, Wesbanco Bank Inc. grew its stake in shares of iShares Silver Trust by 1.2% in the fourth quarter. Wesbanco Bank Inc. now owns 12,421 shares of the exchange traded fund’s stock valued at $800,000 after buying an additional 152 shares in the last quarter.

iShares Silver Trust Stock Performance

SLV stock opened at $66.21 on Thursday. iShares Silver Trust has a 1 year low of $31.23 and a 1 year high of $109.83. The firm has a market cap of $37.47 billion, a P/E ratio of -8.51 and a beta of 0.45. The stock has a 50-day simple moving average of $68.81 and a 200-day simple moving average of $68.93.

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. 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.