Mcguire Capital Advisors Inc. Acquires Shares of 23,684 iShares Silver Trust $SLV

Mcguire Capital Advisors Inc. bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) during the fourth quarter, HoldingsChannel reports. The firm bought 23,684 shares of the exchange traded fund’s stock, valued at approximately $1,526,000. iShares Silver Trust makes up approximately 1.0% of Mcguire Capital Advisors Inc.’s holdings, making the stock its 27th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rare Wolf Capital LLC bought a new position in shares of iShares Silver Trust in the 4th quarter worth about $799,000. Axxcess Wealth Management LLC lifted its position in iShares Silver Trust by 19.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 86,633 shares of the exchange traded fund’s stock valued at $5,581,000 after acquiring an additional 14,143 shares during the period. Corient Private Wealth LLC boosted its stake in iShares Silver Trust by 156.1% during the fourth quarter. Corient Private Wealth LLC now owns 247,368 shares of the exchange traded fund’s stock worth $15,935,000 after acquiring an additional 150,770 shares in the last quarter. First Commonwealth Financial Corp PA bought a new stake in iShares Silver Trust during the fourth quarter worth about $854,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in iShares Silver Trust by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 110,831 shares of the exchange traded fund’s stock worth $6,960,000 after purchasing an additional 3,809 shares during the period.

iShares Silver Trust Stock Performance

Shares of NYSEARCA SLV opened at $59.51 on Friday. iShares Silver Trust has a fifty-two week low of $32.06 and a fifty-two week high of $109.83. The company has a 50 day simple moving average of $68.01 and a two-hundred day simple moving average of $70.06. The company has a market capitalization of $33.68 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45.

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.