Independent Financial Group LLC Makes New Investment in iShares Silver Trust $SLV

Independent Financial Group LLC acquired a new position in shares of iShares Silver Trust (NYSEARCA:SLV) in the 1st quarter, Holdings Channel reports. The fund acquired 160,095 shares of the exchange traded fund’s stock, valued at approximately $10,909,000.

Several other large investors have also modified their holdings of SLV. Sarver Vrooman Wealth Advisors acquired a new stake in iShares Silver Trust during the 4th quarter worth $30,000. Intesa Sanpaolo Wealth Management purchased a new stake in iShares Silver Trust in the fourth quarter valued at $32,000. Rialto Wealth Management LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at $33,000. Redwood Park Advisors LLC boosted its stake in iShares Silver Trust by 106.4% in the fourth quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 266 shares in the last quarter. Finally, Sfam LLC acquired a new position in iShares Silver Trust in the fourth quarter valued at $33,000.

iShares Silver Trust Stock Performance

Shares of SLV stock opened at $50.39 on Friday. The stock’s 50-day moving average is $61.95 and its two-hundred day moving average is $69.46. iShares Silver Trust has a 1 year low of $33.10 and a 1 year high of $109.83. The firm has a market cap of $26.91 billion, a price-to-earnings ratio of -8.51 and a beta of 0.49.

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.