Global Financial Private Client LLC Invests $469,000 in iShares Silver Trust (NYSEARCA:SLV)

Global Financial Private Client LLC bought a new stake in shares of iShares Silver Trust (NYSEARCA:SLV) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,657 shares of the exchange traded fund’s stock, valued at approximately $469,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in iShares Silver Trust during the fourth quarter valued at about $26,000. AlphaMark Advisors LLC grew its holdings in shares of iShares Silver Trust by 57.2% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 372 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of iShares Silver Trust during the second quarter valued at approximately $29,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of iShares Silver Trust in the fourth quarter valued at $34,000. Finally, West Oak Capital LLC lifted its position in iShares Silver Trust by 102.3% in the second quarter. West Oak Capital LLC now owns 1,295 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 655 shares during the period.

iShares Silver Trust Stock Down 1.7 %

iShares Silver Trust stock traded down $0.46 on Friday, hitting $26.35. The company’s stock had a trading volume of 15,720,928 shares, compared to its average volume of 22,670,186. The company has a fifty day moving average price of $26.63 and a 200-day moving average price of $25.36. The firm has a market cap of $12.37 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a one year low of $18.97 and a one year high of $29.56.

iShares Silver Trust Profile

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.