Kovack Advisors Inc. Acquires 19,325 Shares of iShares Silver Trust $SLV

Kovack Advisors Inc. lifted its holdings in shares of iShares Silver Trust (NYSEARCA:SLV) by 61.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,692 shares of the exchange traded fund’s stock after purchasing an additional 19,325 shares during the period. Kovack Advisors Inc.’s holdings in iShares Silver Trust were worth $2,148,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in iShares Silver Trust by 9.2% in the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares during the last quarter. Bison Wealth LLC purchased a new position in iShares Silver Trust in the fourth quarter valued at approximately $238,000. Capstone Wealth Management Group LLC bought a new position in iShares Silver Trust during the first quarter valued at $443,000. Schnieders Capital Management LLC. increased its position in iShares Silver Trust by 15.0% in the second quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after buying an additional 1,300 shares during the last quarter. Finally, Brookstone Capital Management raised its stake in shares of iShares Silver Trust by 14.0% in the second quarter. Brookstone Capital Management now owns 101,617 shares of the exchange traded fund’s stock valued at $3,334,000 after buying an additional 12,487 shares during the period.

iShares Silver Trust Price Performance

Shares of NYSEARCA SLV opened at $71.01 on Friday. The business’s fifty day moving average price is $73.89 and its 200-day moving average price is $53.32. iShares Silver Trust has a one year low of $26.57 and a one year high of $109.83. The stock has a market capitalization of $39.09 billion, a PE ratio of -8.51 and a beta of 0.38.

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.