McIlrath & Eck LLC Buys 10,787 Shares of iShares Silver Trust $SLV

McIlrath & Eck LLC raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 3,644.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,083 shares of the exchange traded fund’s stock after buying an additional 10,787 shares during the quarter. McIlrath & Eck LLC’s holdings in iShares Silver Trust were worth $755,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors purchased a new stake in iShares Silver Trust during the 4th quarter valued at about $30,000. Intesa Sanpaolo Wealth Management purchased a new position in iShares Silver Trust in the fourth quarter worth about $32,000. Sfam LLC bought a new position in shares of iShares Silver Trust in the fourth quarter worth approximately $33,000. Redwood Park Advisors LLC lifted its stake in shares of 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 worth $33,000 after buying an additional 266 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of iShares Silver Trust during the fourth quarter valued at approximately $34,000.

iShares Silver Trust Stock Up 3.3%

Shares of SLV opened at $53.50 on Friday. The company has a market capitalization of $28.57 billion, a P/E ratio of -8.51 and a beta of 0.49. The firm has a 50 day moving average of $57.85 and a 200 day moving average of $68.31. iShares Silver Trust has a twelve month low of $33.10 and a twelve month high of $109.83.

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. 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.