Independent Advisor Alliance Buys 42,618 Shares of iShares Silver Trust $SLV

Independent Advisor Alliance lifted its stake in shares of iShares Silver Trust (NYSEARCA:SLVFree Report) by 42.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,877 shares of the exchange traded fund’s stock after purchasing an additional 42,618 shares during the period. Independent Advisor Alliance’s holdings in iShares Silver Trust were worth $6,096,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares Silver Trust by 14.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after purchasing an additional 30,915 shares during the period. Adamsbrown Wealth Consultants LLC acquired a new stake in shares of iShares Silver Trust in the 3rd quarter valued at $235,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in iShares Silver Trust in the third quarter valued at about $832,000. Benjamin Edwards Inc. boosted its stake in shares of iShares Silver Trust by 298.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 50,197 shares of the exchange traded fund’s stock valued at $2,127,000 after purchasing an additional 37,598 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new stake in iShares Silver Trust in the third quarter valued at approximately $524,000.

Key Stories Impacting iShares Silver Trust

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Down 28.5%

NYSEARCA SLV opened at $75.44 on Friday. The business’s fifty day moving average is $68.29 and its 200 day moving average is $49.81. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The company has a market cap of $42.74 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38.

About iShares Silver Trust

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Silver Trust (NYSEARCA:SLVFree Report).

Institutional Ownership by Quarter for iShares Silver Trust (NYSEARCA:SLV)

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.