iShares Silver Trust (NYSEARCA:SLV) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in shares of iShares Silver Trust (NYSEARCA:SLV) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,224 shares of the exchange traded fund’s stock after purchasing an additional 2,684 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Silver Trust were worth $559,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLV. Eagle Bay Advisors LLC acquired a new position in shares of iShares Silver Trust in the 4th quarter valued at approximately $25,000. Key Client Fiduciary Advisors LLC raised its holdings in iShares Silver Trust by 406.5% in 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 acquiring an additional 4,825 shares in the last quarter. McClarren Financial Advisors Inc. boosted its stake in iShares Silver Trust by 3,471.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 972 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in iShares Silver Trust during the 4th quarter worth $29,000. Finally, Smartleaf Asset Management LLC increased its position in shares of iShares Silver Trust by 671.7% in the 4th 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 Stock Performance

Shares of SLV stock opened at $30.81 on Tuesday. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of -8.87 and a beta of 0.73. iShares Silver Trust has a one year low of $22.29 and a one year high of $31.80. The company’s 50-day simple moving average is $28.80 and its 200-day simple moving average is $28.39.

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.