iShares Silver Trust $SLV Shares Bought by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. raised its stake in shares of iShares Silver Trust (NYSEARCA:SLV) by 34.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,431 shares of the exchange traded fund’s stock after purchasing an additional 2,659 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in iShares Silver Trust were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLV. Brighton Jones LLC increased its position in shares of iShares Silver Trust by 9.2% in the 4th quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock valued at $497,000 after acquiring an additional 1,595 shares during the period. Bison Wealth LLC acquired a new stake in iShares Silver Trust during the 4th quarter worth about $238,000. Capstone Wealth Management Group LLC purchased a new stake in iShares Silver Trust during the 1st quarter valued at about $443,000. OneAscent Financial Services LLC increased its holdings in shares of iShares Silver Trust by 5.1% in the first quarter. OneAscent Financial Services LLC now owns 10,310 shares of the exchange traded fund’s stock valued at $317,000 after purchasing an additional 497 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of iShares Silver Trust by 10.4% in the first quarter. IFP Advisors Inc now owns 9,643 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 908 shares during the period.

iShares Silver Trust Stock Up 1.4%

iShares Silver Trust stock opened at $46.10 on Wednesday. iShares Silver Trust has a 52 week low of $26.19 and a 52 week high of $49.25. The company has a market capitalization of $24.84 billion, a price-to-earnings ratio of -8.51 and a beta of 0.38. The stock has a 50-day moving average price of $43.33 and a 200 day moving average price of $36.81.

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.