WMG Financial Advisors LLC Makes New $253,000 Investment in iShares Silver Trust (NYSEARCA:SLV)

WMG Financial Advisors LLC bought a new position in iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, HoldingsChannel.com reports. The fund bought 9,622 shares of the exchange traded fund’s stock, valued at approximately $253,000.

A number of other institutional investors also recently modified their holdings of the stock. Quadrature Capital Ltd bought a new position in shares of iShares Silver Trust in the third quarter worth about $91,122,000. Toronto Dominion Bank raised its stake in shares of iShares Silver Trust by 18.6% in the third quarter. Toronto Dominion Bank now owns 2,283,806 shares of the exchange traded fund’s stock worth $64,883,000 after acquiring an additional 358,806 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of iShares Silver Trust by 715.2% in the fourth quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock worth $55,781,000 after acquiring an additional 1,858,658 shares during the last quarter. Bank of Montreal Can raised its stake in shares of iShares Silver Trust by 258.4% in the third quarter. Bank of Montreal Can now owns 1,900,679 shares of the exchange traded fund’s stock worth $54,854,000 after acquiring an additional 1,370,298 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in shares of iShares Silver Trust by 3.6% in the third quarter. MML Investors Services LLC now owns 765,406 shares of the exchange traded fund’s stock worth $21,745,000 after acquiring an additional 26,281 shares during the last quarter.

iShares Silver Trust Trading Up 1.6 %

Shares of NYSEARCA SLV opened at $28.75 on Tuesday. The company has a market cap of $13.73 billion, a PE ratio of -8.33 and a beta of 0.74. The company has a 50-day moving average of $28.17 and a two-hundred day moving average of $28.18. iShares Silver Trust has a 1-year low of $21.39 and a 1-year high of $31.80.

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.