Verdence Capital Advisors LLC Purchases 1,400 Shares of iShares Silver Trust (NYSEARCA:SLV)

Verdence Capital Advisors LLC lifted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,368 shares of the exchange traded fund’s stock after purchasing an additional 1,400 shares during the quarter. Verdence Capital Advisors LLC’s holdings in iShares Silver Trust were worth $536,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new position in iShares Silver Trust during the fourth quarter valued at $25,000. Key Client Fiduciary Advisors LLC raised its stake in iShares Silver Trust by 406.5% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 4,825 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in shares of iShares Silver Trust by 3,471.4% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 972 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of iShares Silver Trust in the fourth quarter worth $29,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of iShares Silver Trust by 671.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,281 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 1,115 shares during the last quarter.

iShares Silver Trust Price Performance

SLV stock opened at $29.69 on Friday. iShares Silver Trust has a 1-year low of $21.97 and a 1-year high of $31.80. The business has a fifty day moving average price of $28.27 and a 200-day moving average price of $28.21. The stock has a market capitalization of $14.17 billion, a P/E ratio of -8.33 and a beta of 0.74.

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.