McAlvany Wealth Management LLC Acquires Shares of 355,505 iShares Silver Trust $SLV

McAlvany Wealth Management LLC acquired a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 355,505 shares of the exchange traded fund’s stock, valued at approximately $22,902,000. iShares Silver Trust accounts for about 17.6% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its biggest holding. McAlvany Wealth Management LLC owned approximately 0.06% of iShares Silver Trust at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SLV. Brighton Jones LLC boosted its position in iShares Silver Trust by 9.2% during the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after buying an additional 1,595 shares during the period. Bison Wealth LLC bought a new stake in iShares Silver Trust in the 4th quarter worth $238,000. Capstone Wealth Management Group LLC purchased a new position in shares of iShares Silver Trust in the first quarter valued at about $443,000. Schnieders Capital Management LLC. increased its position in shares of 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 valued at $327,000 after acquiring an additional 1,300 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of iShares Silver Trust in the second quarter valued at about $886,000.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $59.51 on Friday. The company has a 50-day moving average price of $67.85 and a 200-day moving average price of $69.98. The company has a market cap of $33.68 billion, a price-to-earnings ratio of -8.51 and a beta of 0.45. iShares Silver Trust has a 12 month low of $32.06 and a 12 month high of $109.83.

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.