Independent Advisor Alliance Grows Position in iShares Silver Trust (NYSEARCA:SLV)

Independent Advisor Alliance grew its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 112,390 shares of the exchange traded fund’s stock after buying an additional 2,334 shares during the period. Independent Advisor Alliance’s holdings in iShares Silver Trust were worth $2,959,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SLV. Riggs Asset Managment Co. Inc. boosted its holdings in shares of iShares Silver Trust by 4.3% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 8,838 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 364 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in shares of iShares Silver Trust by 4.6% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,472 shares of the exchange traded fund’s stock worth $223,000 after purchasing an additional 372 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of iShares Silver Trust by 3.1% during the third quarter. Raymond James Trust N.A. now owns 12,881 shares of the exchange traded fund’s stock worth $366,000 after purchasing an additional 383 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in shares of iShares Silver Trust by 4.3% during the fourth quarter. Strategic Blueprint LLC now owns 9,584 shares of the exchange traded fund’s stock worth $252,000 after purchasing an additional 392 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of iShares Silver Trust by 8.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 5,174 shares of the exchange traded fund’s stock worth $136,000 after purchasing an additional 400 shares during the last quarter.

iShares Silver Trust Stock Up 0.9 %

SLV stock opened at $30.22 on Thursday. iShares Silver Trust has a 52-week low of $22.26 and a 52-week high of $31.80. The stock’s fifty day simple moving average is $28.58 and its 200-day simple moving average is $28.31. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74.

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.