RFG Advisory LLC grew its holdings in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 82.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,381 shares of the exchange traded fund’s stock after acquiring an additional 35,397 shares during the quarter. RFG Advisory LLC’s holdings in iShares Silver Trust were worth $4,191,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Axiom Investment Management LLC purchased a new stake in shares of iShares Silver Trust during the 1st quarter valued at $26,000. Sarver Vrooman Wealth Advisors purchased a new stake in iShares Silver Trust during the fourth quarter valued at about $30,000. Intesa Sanpaolo Wealth Management bought a new stake in iShares Silver Trust during the fourth quarter worth about $32,000. West Branch Capital LLC bought a new stake in iShares Silver Trust during the second quarter worth about $27,000. Finally, Sfam LLC purchased a new position in shares of iShares Silver Trust in the 4th quarter worth about $33,000.
iShares Silver Trust Trading Up 2.3%
Shares of iShares Silver Trust stock opened at $60.72 on Thursday. The firm has a market capitalization of $32.43 billion, a PE ratio of -8.51 and a beta of 0.53. The business’s 50-day moving average price is $56.44 and its 200-day moving average price is $63.96. iShares Silver Trust has a 12 month low of $37.24 and a 12 month 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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