AdvisorNet Financial Inc increased its stake in shares of iShares Silver Trust (NYSEARCA:SLV – Free Report) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,550 shares of the exchange traded fund’s stock after buying an additional 390 shares during the period. AdvisorNet Financial Inc’s holdings in iShares Silver Trust were worth $149,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Silver Trust during the 1st quarter worth about $25,000. Ameriflex Group Inc. bought a new stake in shares of iShares Silver Trust during the 4th quarter worth about $30,000. Trifecta Capital Advisors LLC bought a new stake in shares of iShares Silver Trust during the 1st quarter worth about $31,000. Kentucky Trust Co boosted its holdings in shares of iShares Silver Trust by 185.7% during the 1st quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 650 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of iShares Silver Trust during the 1st quarter worth about $42,000.
iShares Silver Trust Stock Up 3.0%
Shares of iShares Silver Trust stock opened at $41.03 on Friday. iShares Silver Trust has a twelve month low of $26.19 and a twelve month high of $41.06. The company has a 50-day simple moving average of $36.04 and a two-hundred day simple moving average of $32.72. The stock has a market capitalization of $22.03 billion, a price-to-earnings ratio of -8.51 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.
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