Sovereign Financial Group Inc. increased its stake in iShares Silver Trust (NYSEARCA:SLV – Free Report) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,908 shares of the exchange traded fund’s stock after purchasing an additional 1,188 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Silver Trust were worth $493,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in SLV. McClarren Financial Advisors Inc. lifted its stake in iShares Silver Trust by 3,471.4% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 972 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in iShares Silver Trust in the 4th quarter valued at about $26,000. Ameriflex Group Inc. bought a new stake in iShares Silver Trust in the 4th quarter valued at about $30,000. Stonebridge Financial Group LLC bought a new stake in iShares Silver Trust in the 4th quarter valued at about $29,000. Finally, Vermillion Wealth Management Inc. bought a new stake in iShares Silver Trust in the 4th quarter valued at about $31,000.
iShares Silver Trust Trading Up 0.7%
SLV opened at $32.69 on Friday. The business’s 50 day moving average is $29.70 and its 200-day moving average is $28.98. The stock has a market cap of $16.53 billion, a PE ratio of -8.51 and a beta of 0.56. iShares Silver Trust has a twelve month low of $24.25 and a twelve month high of $32.98.
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.
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