Strategic Financial Concepts LLC purchased a new stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund purchased 101,039 shares of the exchange traded fund’s stock, valued at approximately $2,660,000.
Other hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in shares of iShares Silver Trust in the fourth quarter worth approximately $25,000. Key Client Fiduciary Advisors LLC raised its holdings in iShares Silver Trust by 406.5% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 4,825 shares during the last quarter. McClarren Financial Advisors Inc. lifted its position in shares of iShares Silver Trust by 3,471.4% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 972 shares during the period. Spartan Fund Management Inc. bought a new stake in shares of iShares Silver Trust in the 3rd quarter valued at $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth $29,000.
iShares Silver Trust Stock Down 0.5 %
Shares of NYSEARCA SLV opened at $29.31 on Tuesday. The company has a market capitalization of $13.76 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a twelve month low of $20.45 and a twelve month high of $31.80. The firm has a fifty day simple moving average of $27.87 and a 200 day simple moving average of $27.89.
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.
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