Financial Partners Group Inc Makes New Investment in iShares Silver Trust $SLV

Financial Partners Group Inc bought a new position in iShares Silver Trust (NYSEARCA:SLVFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,896 shares of the exchange traded fund’s stock, valued at approximately $509,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vantage Financial Partners LLC purchased a new stake in iShares Silver Trust in the 3rd quarter worth approximately $489,000. Wealth Enhancement Advisory Services LLC grew its stake 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 worth $10,525,000 after acquiring an additional 30,915 shares during the period. D.B. Root & Company LLC purchased a new stake in iShares Silver Trust in the 3rd quarter worth approximately $370,000. Envestnet Asset Management Inc. grew its stake in iShares Silver Trust by 20.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock worth $69,743,000 after acquiring an additional 273,913 shares during the period. Finally, Adamsbrown Wealth Consultants LLC purchased a new stake in shares of iShares Silver Trust during the 3rd quarter valued at $235,000.

iShares Silver Trust News Summary

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

iShares Silver Trust Stock Up 2.0%

Shares of NYSEARCA SLV opened at $73.01 on Friday. iShares Silver Trust has a 52-week low of $29.09 and a 52-week high of $109.83. The firm has a fifty day moving average of $70.31 and a 200-day moving average of $65.45. The stock has a market capitalization of $41.32 billion, a PE ratio of -8.51 and a beta of 0.45.

iShares Silver Trust Company Profile

(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.

Featured Articles

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.